You Have Been Hired at the Widgets Emporium as a Manager

question 5

Multiple Choice

You have been hired at the Widgets Emporium as a manager of 35 widget producers.You believe that the way to motivate your employees and improve productivity is to provide rewards for positive work behaviours (meeting high production standards) and to punish undesired behaviour (such as arriving late to work) .In essence, you are using what type of motivation theory?

• A) reinforcement theory
• B) self-determination theory
• C) goal-setting theory
• D) hierarchy of needs theory

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Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable, often due to market failure or intervention.

Potential Level

The capacity of an economy to produce goods and services when at full employment, indicating the maximum sustainable output level.

Actual Output

The quantity of goods and services produced within an economy at a specific period, reflecting the economy's current production level.

Resource Unemployment

Refers to the state where economic resources are not being used to their full potential, contributing to less-than-optimal output or employment.