-Refer to Above Figure

question 46

Short Answer

-Refer to above figure. What is the amount of government revenue resulting from imposition of the tariff?

Appreciate the impact of incentive plans on employee motivation and organizational success.

Understand how incentive pay can be linked to performance appraisals.

Recognize the role of employee's perception in the effectiveness of incentive pay plans.

Identify the factors necessary for the success of group incentive programs like gainsharing.

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Definitions:

Charismatics

Individuals possessing a compelling charm or appeal that inspires devotion or enthusiasm in others.

Leadership Qualifications

The skills, knowledge, and personal attributes considered necessary for effective leadership, such as strategic thinking, communication abilities, and integrity.

Charismatic Leadership

A style of leadership that draws on the leader's personal charm and appeal to inspire and energize followers toward achieving a vision or goals.

Excessive Confidence

An overstated belief in one's abilities, skills, or achievements, often without sufficient evidence or justification.