Managers in Not- For- Profit Organizations, as Opposed to Profit-

question 26

Multiple Choice

Managers in not- for- profit organizations, as opposed to profit- seeking organizations, do not face a(n) ____________test for performance.

• A)employee accountability
• B)management by objectives
• C)evaluation
• D)profit- maximizing

Recognize the role of scarce resources, technology, and scale economies in the formation of monopolies.

Understand the concept of natural monopolies and recognize examples in the economy.

Identify and understand barriers to entry in monopoly markets.

Assess the long-term sustainability of monopoly power under different conditions.

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Definitions:

Positive Reinforcement

The process of encouraging desired behavior by rewarding it, thereby increasing the likelihood of its recurrence.

Work Behaviours

Actions and attitudes that employees exhibit in the workplace, which can affect both their performance and the overall culture of the company.

Inventory of Rewards

A collection or list of potential rewards or incentives that can be offered to individuals or employees to motivate and recognize their contributions.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment, introduced by B.F. Skinner.