Economists Have Not Been Persuaded That Alternative Behavioral Assumptions for Firms

question 280

True/False

Economists have not been persuaded that alternative behavioral assumptions for firms, such as sales maximization, yield superior results to the assumption of profit maximization.

---

Definitions:

Retention Bonus

A financial incentive offered to an employee to encourage them to stay with the company for a specified period.

Retention Bonuses

Financial incentives offered to employees to encourage them to stay with the company for a specified period.

Gainsharing

A program in which employees receive financial benefits from the company's cost savings due to their collective efforts to improve performance and efficiency.

Merit Pay

A form of compensation where employees receive additional pay or bonuses based on their performance and achievements, as determined through evaluations or assessments.