Which Type of Management Strategy Will Use Economic Variables as Key

question 42

Multiple Choice

Which type of management strategy will use economic variables as key motivators to drive employee behaviour?

• A) lead
• B) high-involvement
• C) classical
• D) human relations

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Definitions:

Confidence

In statistics, it relates to the degree of certainty or reliability in an estimate or test result, often expressed as a confidence interval.

Monetary Error

A monetary error refers to inaccuracies or mistakes in financial transactions or accounting, which can impact financial statements or balances.

Confidence Interval

It refers to the range within which we expect a population parameter to lie with a certain degree of confidence, based on sample data.

Sample Mean

The average value of a given characteristic within a sample drawn from a population.