The Organization Impacts Employee Behaviors Based On

question 53

Multiple Choice

The organization impacts employee behaviors based on:

• A) The type, distribution and criteria for rewarding people
• B) How much money a person makes compared to others
• C) Whether or not there is a bonus
• D) Pay has not impact on employee behaviors

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Definitions:

Price Discrimination

A pricing strategy where identical or substantially similar products or services are sold at different prices by the same provider in different markets.

Senior Citizen Discounts

Price reductions or special offers given to elderly consumers, typically those aged 65 and older, as a form of financial relief or incentive.

Economic Profits

The surplus left after deducting all costs, including opportunity costs, from a firm's total revenues, indicating the efficiency of resource allocation.

ATC Curve

Represents the Average Total Cost per unit of output produced, which is calculated by dividing the total cost by the quantity of output.