What Practical Steps Can a Manager Take to Motivate Employees

question 21

Multiple Choice

What practical steps can a manager take to motivate employees to increase their effort?

• A) determine how other companies within the industry are satisfying employees' needs
• B) satisfy employees' lower­order needs before attempting to satisfy higher­order needs
• C) expect employees' needs to be stable
• D) gradually replace extrinsic rewards with intrinsic rewards that are less expensive
• E) do all of these

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Definitions:

Borrowed Funds

Capital that is obtained through loans or credit, typically for investment or expenditures, that needs to be repaid.

Retained Earnings

The portion of a company's profits not distributed to shareholders as dividends but instead reinvested in the business or kept as reserve.

Expected Costs

The forecasted amount of expenses that will be incurred as a result of a certain action or decision.

Interest Rates

The cost of borrowing money or the return on investment, typically expressed as a percentage.