As Part of the "Summarize and Follow-Up" Step in the Discipline

question 42

Multiple Choice

As part of the "summarize and follow-up" step in the discipline model,it is important to ___________.

• A)refer to past feedback
• B)document the disciplinary action
• C)give the employee a chance to explain
• D)get a commitment from the employee to change
• E)give the discipline

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Definitions:

Fewer Resources

The state of having limited amounts of inputs required to produce goods and services, such as capital, labor, and materials.

Exchange Rates

The worth of a currency when converted into another, establishing the quantity of one currency that can be swapped for another.

Gains from Trade

The net benefits that parties obtain by voluntarily exchanging goods or services in markets.

Comparative Advantage

The ability of an individual or country to produce a good or service at a lower opportunity cost than others.