In Classroom Mini-Economies, Teachers Use Play Money to Teach Children

question 128

True/False

In classroom mini-economies, teachers use play money to teach children basic principles of economics and personal finances.

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Definitions:

HRM Effectiveness

The degree to which the human resource management strategies, policies, and practices of an organization contribute to achieving the organization's goals.

HR Analytics

Type of assessment of HRM effectiveness that involves determining the impact of, or the financial cost and benefits of, a program or practice.

High-Performance Work System

An organization in which technology, organizational structure, people, and processes work together seamlessly to give an organization an advantage in the competitive environment.

Traditional Management

A hierarchical organizational approach focusing on top-down decision-making, structured procedures, and clear division of labor.