In a Market Economy, Which of the Following Is Most

question 17

Multiple Choice

In a market economy, which of the following is most important if one is going to achieve high earnings?

• A) hard work
• B) provision of goods and/or services that others value highly
• C) having a graduate degree in a field like history or sociology
• D) membership in a labor union

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Definitions:

Motivational Theory

A concept or model that explains what motivates human behavior, often guiding strategies to increase motivation.

Maintenance Factors

In Herzberg's two-factor theory, aspects of the work environment that are necessary to prevent dissatisfaction but do not necessarily motivate employees.

Justified

Having a good reason or being shown to be right or reasonable.

Job Rotation

A workplace strategy where employees rotate between different tasks or roles to learn new skills and gain exposure to various aspects of an organization.