Figure 2-12 -Refer to Figure 2-12.One Segment of the Circular Flow Diagram

question 47

Multiple Choice

Figure 2-12

-Refer to Figure 2-12.One segment of the circular flow diagram in the figure shows the flow of goods and services from market C to economic agents A.What is market C and who are economic agents A?

• A)C = factor markets; A = households
• B)C = product markets; A = households
• C)C = factor markets; A = firms
• D)C= product markets; A = firms

Identify the impacts of downsizing on employee morale and organizational performance.

Understand the legal and ethical considerations in employee terminations, including wrongful dismissal and constructive dismissal.

Describe the importance of formal and informal communication systems in organizations, including their role in employee relations.

Recognize the significance of employee rights, privacy laws, and the implications for HR practices.

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Definitions:

Classical Conditioning

The process of learning by the repeated association of two stimuli, where the response that was initially elicited by the second stimulus is eventually elicited by the first stimulus alone.

Behaviour Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through reinforcement, punishment, and other learning principles.

Learned Behaviour

Behavior that an organism acquires through experience, as opposed to behaviors that are instinctive or innate.

Unlearned Behaviour

An innate or instinctive behavior that occurs without the need for learning or prior experience.