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Explain why contracts are beneficial to markets.
Self-Managed Teams
Groups of employees who are given the autonomy to plan, execute, and manage their work without direct supervision, often responsible for a full range of decisions.
Natural Teams
Groups formed based on inherent or spontaneous relationships and common interests rather than arranged or assigned by an organization.
Personality Type
A classification that reflects the characteristic patterns of thoughts, feelings, and behaviors that make a person unique.
Herzberg's Motivator-Hygiene Model
Herzberg's Motivator-Hygiene Model is a theory that distinguishes between motivators, which can increase job satisfaction, and hygiene factors, which, if absent, can lead to dissatisfaction but not necessarily enhance satisfaction if present.
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