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Jacob is a project manager in a large software services company.In a bid to maximize his team's productivity,Jacob decides to follow the goal-setting theory.In line with the principles of the theory,he sets specific,difficult goals for all of his team members and ensures that they understand and accept the new standards.Which of the following facts,if TRUE would undermine Jacob's strategy?
Payroll Tax
Contributions imposed on either the workforce or the employers, determined by a percentage of the payrolls distributed by companies to their staff.
Luxury Tax
A tax applied on expensive goods and services considered by the government to be non-essential or luxury items.
Price Elasticity
Measures the responsiveness of the quantity demanded or supplied of a good to a change in its price.
Quantity Demanded
The complete sum of a particular good or service that purchasers are prepared and financially able to buy at a certain price.
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