Empowering Employees Means Giving Them Four Elements That Enable Them

question 176

True/False

Empowering employees means giving them four elements that enable them to act more freely to accomplish their jobs: information, knowledge, power, and rewards.

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Definitions:

Interest Rates

The percentage at which interest is charged or paid for the use of money.

Federal Reserve System

The Federal Reserve System, which is the main banking authority in the U.S., oversees monetary policy.

Elastic Currency

A currency system that can expand or contract in supply in response to economic needs, often managed by a central banking authority.

Nation's Banks

Banks that operate within a specific country, serving its economy and citizens.