GDP Equals

question 313

Multiple Choice

GDP equals

• A) C + S + G + (X + M).
• B) C + I + G + (X + M).
• C) C + I + G + (X - M).
• D) C + S + G + (X - M).

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Definitions:

Job Specialization

The process of focusing one's occupational concentration on a specific area of expertise, increasing efficiency and effectiveness in that domain.

Job Enlargement Approach

a job design method that increases the number of tasks an employee performs, aiming to reduce monotony and improve job satisfaction.

Group-based Incentive System

A reward system where incentives are given to a group of employees based on their collective performance.

Knowledge-based Pay Plan

A compensation strategy where employees are paid based on their skills, knowledge, and abilities, rather than their job title or position.