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Which of the following is NOT an important ingredient to create an effective performance management system?
Property Rights
Property Rights refer to the legal entitlements that determine the ownership and use of resources, including land, buildings, intellectual property, and personal possessions.
Individual Transferable Quotas (ITQs)
A regulatory tool used in fisheries management allowing the capture of a certain amount of seafood, with the quotas being tradable among individuals or companies.
Promote Efficiency
The act of enhancing the performance and productivity of a system or process, reducing wastage of resources.
Thomas Malthus
Thomas Malthus was an English cleric and scholar, influential in the fields of political economy and demography, best known for his theory that population growth will always tend to outstrip the food supply.
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