In a Market Economy, the Decision Regarding Allocation of Resources

question 44

Multiple Choice

In a market economy, the decision regarding allocation of resources is made by

• A)the operation of the forces of supply and demand.
• B)policy authorities in Washington, D.C.
• C)budget planners in state capitals.
• D)committees from a variety of economic interest groups.
• E)All of the responses are correct.

Comprehend various job design strategies and their impacts on work efficiency and employee motivation.

Distinguish between different types of reward systems and their application in organizational settings.

Recognize the importance of job evaluations in determining the worth of each job within the organization.

Identify the role of positive psychology elements, such as mental imagery and positive self-talk, in enhancing employee motivation and performance.