According to Economists, Economic Self-Interest

question 106

Multiple Choice

According to economists, economic self-interest

• A)is a reality that underlies economic behavior.
• B)has the same meaning as selfishness.
• C)means that people never make wrong decisions.
• D)is usually self-defeating.

---

Definitions:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driving individuals to act and achieve.

Theory A And Theory B

An approach in management theory, generally contrasting in nature, where Theory A focuses on authoritarian management and Theory B emphasizes participative management.

Cafeteria Plan

A benefit plan offered by employers that allows employees to choose from a variety of pre-tax benefit options, such as health insurance and retirement plans.

Outsourcing

The practice of having certain job functions done outside a company instead of having an in-house department or employee handle them.