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Explain the relationship posited by the text between motivation and job performance. Use examples from your readings or experiences to indicate how one or more of the specific motivational models described in thisChapter might integrate with the industrial psychology model to provide a fuller understanding of work performance. Cite three implications for managers based upon your analysis.
Standard Of Living
Represents the level of wealth, comfort, material goods, and necessities available to a person, community, or society.
Medium Of Exchange
A medium of exchange is an intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.
Commodity Money
Money that has intrinsic value because it is made of materials that hold value, like gold or silver.
Fiat Money
Currency that a government has declared to be legal tender, despite it having no intrinsic value and not being backed by physical commodities.
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