Which of the Following Statements About Private and Common Property

question 18

Multiple Choice

Which of the following statements about private and common property rights is FALSE?

• A) Air is available at a marginal cost of zero.
• B) Common property rights lead to rapid depletion of the resource.
• C) Animals with clear private property rights are not on the endangered species list.
• D) Clean,breathable air is available at a marginal cost of zero.
• E) Private property rights prevent the rapid depletion of the resource.

Differentiate between job enrichment, job enlargement, and job rotation and their effects on employee satisfaction and performance.

Recognize the role of goals and objectives in employee motivation and organizational effectiveness.

Describe the influence of managerial actions on employee expectations and motivation.

Explain the effect of compensation plans, including incentive pay and benefits, on employee motivation.

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Definitions:

Performance Appraisal

Performance appraisal is a systematic evaluation of an individual employee's job performance and productivity in relation to certain pre-established criteria and organizational objectives.

Manager's Behavior

Refers to the patterns of conduct, actions, and decisions exhibited by a manager in the workplace.

Results-Oriented Performance

An approach focusing on achieving specific outcomes or goals rather than on the process used to achieve them.

Organization's Goals

Objectives set by a business or organization to guide its operations and to measure its success and performance.