What Practical Steps Can a Manager Take to Motivate Employees

question 33

Multiple Choice

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

• A)Determine how other companies within the industry are satisfying employees' needs. 
• B)Satisfy employees' lower order needs before attempting to satisfy higher order needs. 
• C)Expect employees' needs to be stable. 
• D)Gradually replace extrinsic rewards with intrinsic rewards that are less expensive.

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Definitions:

Elasticity Of Market

A measure of how the quantity demanded or supplied of a good changes in response to price or other economic factors.

Supply Elasticity

A measure of how much the quantity supplied of a good changes in response to a change in its price.

Buying Price

The cost at which an individual or organization is able to purchase a good, service, or asset.

Oligopsony

Market with only a few buyers.