The First Step in Any Motivational Program Is to Establish

question 265

True/False

The first step in any motivational program is to establish open communication among employees in order to encourage teamwork and cooperation.

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Definitions:

Raw Materials

The basic, unprocessed inputs used in manufacturing or production processes to create goods and products.

Normal Profits

The level of profit that is necessary for a business to remain competitive in the market, typically equal to the opportunity cost of the capital employed.

Plant Size

The capacity or physical dimensions of a facility where goods are manufactured or processed.

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at different price levels.