Creating Commitment Is Enhanced by (1)applying Principles of Recreational Work,(2)providing

question 51

Multiple Choice

Creating commitment is enhanced by (1) applying principles of recreational work,(2) providing opportunities for public statements of commitment,(3) instituting feedback,(4) and communicating the vision frequently,consistently and broadly.Which statements are correct?

• A) Statements 1 and 2
• B) Statements 1 and 3
• C) Statements 1 and 4
• D) Statements 1, 2, and 4
• E) All the statements are correct.

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Definitions:

Free-rider Problem

A situation in which some individuals benefit from resources or services without paying for them, leading to underprovision of those goods or services.

Marginal Private Benefit

The additional benefit received by the consumer or producer from consuming or producing one more unit of a good or service.

Marginal Social Cost

The additional cost imposed on society as a whole from producing one more unit of a good or service.

Socially Optimal

is a condition or outcome in which the allocation of resources maximizes the overall benefit to society.