The Invisible Hand Refers to the Coordination That Occurs From

question 73

Multiple Choice

The invisible hand refers to the coordination that occurs from:

• A) everyone working in his or her own self-interest.
• B) a government agency finding efficiencies.
• C) everyone working for the overall good of society.
• D) a government coordinating economic activity.

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Definitions:

360-Degree Feedback

A performance appraisal method where an employee receives feedback from all directions - supervisors, peers, subordinates, and sometimes, clients.

Structured Feedback

A method of delivering specific, evidence-based observations and suggestions to improve performance or behavior.

Competencies

A set of defined behaviors, knowledge, skills, and abilities that are required for effective performance in a particular job role or task.

Active Listening

A communication technique that involves giving full attention to the speaker, understanding their message, providing feedback, and retaining the information conveyed.