Which of the Following Is an Equivalent Term for "Full-Employment

question 44

Multiple Choice

Which of the following is an equivalent term for "full-employment output"?

• A)actual output
• B)long-run output
• C)gross national product (GNP)
• D)gross domestic product (GDP)
• E)potential output

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Definitions:

Scientific-Management

A management theory focusing on improving economic efficiency, especially labor productivity, by scientifically studying work methods and setting performance standards.

Individual Initiative

The action of taking the first step or move without prompt from others, showcasing autonomy and proactivity.

Transactional Leader

A leadership style focused on supervision, organization, and performance, where reward and punishment are used as key motivators.

Rewards for Effective Work

Incentives or benefits given to employees as recognition for successful performance or achievements in their job roles.