In Economics, Resources Include

question 23

Multiple Choice

In economics, resources include:

• A) money and labor.
• B) money and land.
• C) money and physical capital.
• D) labor and physical capital.

Analyze the significance of effective followership and its impact on leadership performance.

Understand the importance of mentorship in nursing and the responsibilities of both mentors and mentees.

Understand the importance of formality in business communication.

Identify strategies to increase formality in writing business reports.

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Definitions:

Force-coercion Strategy

A strategy used to effect change within an organization through the use of power, authority, or force, often leading to compliance without genuine agreement.

Formal Authority

The power given to an individual or group by a recognized entity, typically within an organizational context, to make decisions and direct others.

Rewards

Benefits or compensations provided to individuals or groups in recognition of their performance, efforts, or achievements.

Punishments

Consequences intended to reduce the likelihood of a behavior occurring again, usually seen as unpleasant or undesirable by the recipient.