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Monitoring Can Be Expensive If Overdone,and It Can Result in Adverse

question 12

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Monitoring can be expensive if overdone,and it can result in adverse reactions from employees.


Definitions:

Economic Problem

The challenge of limited resources to meet unlimited wants and needs of society.

Capital Goods

Long-lasting goods purchased or used by businesses to produce goods or services and not intended for final consumption.

Consumer Goods

Products and services that are consumed by individuals or households to satisfy their needs or wants.

Producing

The process of creating, manufacturing, or constructing goods and services for consumption or use.

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