Which of the Following Statements Is True of the Carrot-And-Stick

question 55

Multiple Choice

Which of the following statements is true of the carrot-and-stick approach to motivation?

• A) It focuses on long-term goals.
• B) It enables each person's success to be mutually enjoyed.
• C) It creates a culture of competition due to the presence of intrinsic rewards.
• D) It tends to focus on lower needs.

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Definitions:

Market Efficiency

Market efficiency refers to the extent to which market prices reflect all available, relevant information, making it impossible to consistently achieve higher returns on investment without taking additional risk.

Fair Insurance Policy

A policy that is considered equitable, offering terms and conditions that are reasonable and just for both the insurer and the insured, without exploiting any party.

Premium

An amount paid for an insurance policy, reflecting the cost of obtaining insurance coverage.

Expected Value

A calculated average of the possible outcomes of a variable, taking into account the likelihood of each outcome.