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The Mechanisms (According to the Theory of International Trade and Balance

question 30

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The mechanisms (according to the theory of international trade and balance of payments) for producing self-correction in out-of-balance accounts is accomplished through:


Definitions:

Job Characteristics Theory

A theory that suggests job satisfaction is determined by the presence of five core job characteristics: skill variety, task identity, task significance, autonomy, and feedback.

Job

A set of tasks or duties performed by an individual as part of a structured employment agreement.

Scientific Management

A management theory that emphasizes efficiency and productivity through the scientific study of work methods and worker productivity.

Frederick Taylor

An American engineer and management consultant considered the father of scientific management, focusing on improving industrial efficiency.

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