Which of the Following Statements Is True Regarding Employee Recognition

question 62

Multiple Choice

Which of the following statements is true regarding employee recognition?

• A) Employee recognition is an extrinsic reward.
• B) Critics argue that employee recognition programs are highly susceptible to political manipulation by management.
• C) Employee recognition programs are expensive.
• D) Centralized programs across multiple offices in different countries can hinder the process of employee recognition programs.
• E) Employee stock option is a more powerful workplace motivator than recognition.

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Definitions:

Consumer Sovereignty

The theory that consumer preferences determine the production of goods and services in an economy.

Willingness to Pay

The maximum amount an individual is ready to spend for a good or service, reflecting its perceived value.

Ability to Pay

A principle suggesting that the amount of tax an individual or entity should pay is based on the level of their economic resources or income.

Circular Flow Model

An economic model that depicts how money moves through the economy in a circular manner between producers and consumers, including various sectors like households, firms, government, and the foreign sector.