Which Two Groups of Decision Makers Are Included in the Simple

question 142

Multiple Choice

Which two groups of decision makers are included in the simple circular-flow diagram?

• A)markets and government
• B)households and government
• C)firms and government
• D)households and firms

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Definitions:

Employee Performance Appraisals

A periodic review and evaluation of an individual's job performance and productivity in relation to certain pre-established criteria and objectives.

Incentive Plans

Compensation strategies designed to motivate and reward employees for achieving specific performance goals or business outcomes.

Organizational Performance

The ability of an organization to achieve its goals and objectives, often measured through various indicators such as profitability, effectiveness, and efficiency.

Piece Rate Systems

Payment methods based on the quantity of items a worker produces or completes, incentivizing productivity.