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Almost Every Organization Rewards People to Some Extent for Their

question 159

Essay

Almost every organization rewards people to some extent for their job status. Discuss three potential problems with rewarding employees for their job status. Your answer should also briefly describe how organizations reward people for job status.


Definitions:

Complementary Goods

Goods that are consumed together because the use of one enhances the use of the other, such as computers and software.

Normal Good

A good for which demand increases as the consumer’s income increases, holding all other factors constant.

Money Income

The total amount of monetary earnings received by an individual or household from various sources, including wages, salaries, and investments.

Electric Automobile

A vehicle that is powered entirely or partially by electricity, offering an alternative to traditional fossil fuel-powered cars.

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