Which of the Following Selections Is an Example of How

question 55

Multiple Choice

Which of the following selections is an example of how to discourage creativity at the individual level?

• A) Protect people who make honest mistakes and are willing to learn from them.
• B) Speculate, be open, and build on others' ideas.
• C) Punish mistakes or failed ideas.
• D) Deal with employees as equals to show that status isn't very important.
• E) Listen attentively in order to acknowledge and provide early support to ideas.

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Definitions:

Market Economy

A market structure in which investment, manufacturing, and allocation decisions are driven by market forces of supply and demand, allowing prices for products and services to be set freely within an open pricing framework.

Firms

Businesses or enterprises that produce goods or provide services in an economy.

Households

Individuals or groups of people living together as a single economic unit, making decisions about consumption and labor supply.

Invisible Hand

A concept introduced by Adam Smith to describe how individuals' pursuit of their own self-interest unintentionally benefits society as a whole.