How Can Leaders Address the Carrot and Stick Controversy

question 41

Multiple Choice

How can leaders address the carrot and stick controversy?

• A) leaders can understand a program's strengths and weaknesses.
• B) leaders can acknowledge the positive but limited effects of extrinsic motivators.
• C) leaders can assure that subordinates' work offers self-satisfaction and a yearly raise.
• D) all of these choices

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Definitions:

Labor Shortage

A situation in which employers have difficulty filling vacancies because there are not enough available workers with the necessary skills.

Unemployment

The situation where individuals who are capable of working and are actively seeking employment are unable to find a job.

Binding Price Ceiling

A government-imposed maximum price on goods or services that is set below the market equilibrium price, leading to shortages.

Binding Price Floor

A government-imposed price control that sets a minimum price for a good or service above the equilibrium price, leading to excess supply.