Specific and Difficult Goals Lead to Higher Performance Than Do

question 50

True/False

Specific and difficult goals lead to higher performance than do vague and easy goals.

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Definitions:

Production Possibility Curve

A graphical representation that shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.

Literacy Rate

The percentage of people within a population who have the ability to read and write.

Production Possibilities Curve

A graphical representation that shows the maximum number of goods or services that can be produced within an economy given available resources and technology.

Full Employment

A situation in which everyone who wants to work can find employment at prevailing wage rates.