If Goals Are Set at an Impossibly High Level, Managers

question 61

True/False

If goals are set at an impossibly high level, managers might work only half-heartedly to achieve them because they are certain they will fail.

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Definitions:

Loyal

Exhibiting strong allegiance or fidelity to a person, cause, or organization.

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his works "The Wealth of Nations," a cornerstone of modern economic theory.

Invisible Hand

A metaphor introduced by Adam Smith to describe the unintended social benefits of individual self-interest actions.

Free Market

An economic system in which prices for goods and services are determined by the open market and consumers, where the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.