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Which of the following is true regarding the circular flow diagram?
I. "Aggregate income" is the flow of income earned by firms.
II. Retained earnings are considered income earned by firms rather than part of households' incom
III. The government, households, and firms all operate in the financial market.
Goal Setting
The process of identifying something that you want to accomplish and establishing measurable objectives and timeframes to help you achieve it.
Role Conflict
A situation in which an individual experiences clash or incompatibility between expectations or responsibilities associated with different roles they play.
Role Ambiguity
Refers to unclear job responsibilities, expectations, or objectives that can lead to confusion and stress among employees.
Task Motivation
The drive or desire to complete a specific task, often influenced by factors such as interest, challenge, and the satisfaction of accomplishment.
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