____ Strategy Determines the Means for Utilizing Resources in the Functional

question 5

Multiple Choice

____ strategy determines the means for utilizing resources in the functional areas of marketing, production, finance, research and development, and human resources to achieve the organization's goals.

• A) Corporate
• B) Business-unit
• C) Marketing
• D) Mission statement
• E) Marketing mix

Recognize the role of emotions in procedural justice and distinguish between distributive justice and procedural justice.

Discuss the challenges and contemporary issues in motivating employees in the workplace.

Understand the relationship between needs, drives, and emotions in the context of motivation.

Explain the equity sensitivity continuum and the concepts of 'Benevolents' and 'Entitleds'.

---

Definitions:

Command Systems

Economic systems where the government or a central authority makes all decisions about what goods and services are produced, how they are produced, and who gets them.

Pure Capitalism

An economic system characterized by private property rights and the market allocating resources with little government intervention.

Laissez-Faire Capitalism

Laissez-Faire Capitalism is an economic system where private parties are free from government intervention like regulations, privileges, tariffs, and subsidies, with property rights upheld.

Economic Systems

Organized methods societies use to distribute goods and services, including capitalism, socialism, and mixed economies.