Match the Following: -Compensation Package

question 2

Multiple Choice

Match the following:
-compensation package

• A)joint goal setting
• B)skills necessary to do a job
• C)belief in ability to reach goal
• D)allocating compensation based on contributions
• E)primary use of appraisal information
• F)evaluate an employee's work behaviors
• G)framework for managing motivation
• H)is challenging and requires effort
• I)focuses on past performance
• J)a desirable objective
• K)organizational support
• L)Edwin Locke
• M)money, incentive systems, benefits
• N)special privileges for selected members
• O)indirect compensation
• P)clarity and precision of the goals
• Q)performance feedback from all sides
• R)additional compensation for performance
• S)results of performance
• T)raises based on performance

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Definitions:

Excess Burden

Excess Burden, also known as deadweight loss, is the cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.

Nonneutral Tax

A tax that impacts differently on different types of economic activities, influencing the allocation of resources.

Perfectly Elastic

Describes a market situation where product demand or supply can vary greatly with a small change in price.

Excess Burden

The economic cost to society exceeding the revenue generated by a tax, often resulting from distortions in market behavior.