While __________ Usually Refers to Teaching Lower-Level Employees to Do

question 32

Short Answer

While __________ usually refers to teaching lower-level employees to do their specific jobs, __________ is focused on enhancing the skills of an employee to do higher level jobs in general.

---

Definitions:

Behavioral Economists

Researchers who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Minimum Payments

The smallest amount of money that one is required to pay on a debt by a specified due date to avoid defaulting.

Interest Costs

The cost associated with borrowing funds, typically expressed as a percentage of the total amount borrowed.

Self-Interest

That which each firm, property owner, worker, and consumer believes is best for itself and seeks to obtain.