A Company That Focuses on Psychological Efficiency Is LEAST Likely

question 443

Multiple Choice

A company that focuses on psychological efficiency is LEAST likely to do which of the following?

• A)balance productivity with morale.
• B)pay employees fairly.
• C)use bonuses and time schedules to motivate workers.
• D)use management by objectives.

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Definitions:

Laissez-faire

An economic system in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, and tariffs.

Capitalist Economy

An economic system where private individuals and business owners control the production, distribution, and exchange of goods and services, typically driven by profit motives.

Central Planning

An economic system where all major production, investment, and allocation decisions are made by the government or a central authority.

Government Ownership

The situation in which assets, enterprises, or industries are owned and operated by the government rather than private individuals or companies.