The Circular Flow Model Shows the

question 184

Multiple Choice

The circular flow model shows the

• A) distribution of income and consumption goods across income levels.
• B) combinations of the factors of production needed to produce goods and services.
• C) flow of expenditure and incomes that arise from the households', firms', and governments' decisions.
• D) flow of natural resources from firms to the private market to government and back to firms.
• E) distribution of income to the different factors of production.

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Definitions:

Organization Members

Individuals who are formally associated with an organization and contribute to its goals, including employees, managers, and stakeholders.

Rewards

Benefits, monetary or non-monetary, given to individuals or groups as recognition for their efforts, performance, or achievements.

Intrinsic And Extrinsic Rewards

Satisfaction and motivation that come from both internal personal satisfaction (intrinsic) and external compensation or recognition (extrinsic).

Software Company

A business entity that specializes in developing, distributing, and maintaining software applications or systems.