Alfie Kohn and Demming Are of the Opinion That

question 32

Multiple Choice

Alfie Kohn and Demming are of the opinion that:

• A)pay is a prime motivator.
• B)work place and environment are not important motivators.
• C)pay is not a motivator.
• D)incentive plans all work too well.

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Definitions:

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual amount received from the sale, indicating the benefit to producers.

Supply Curve

A visual diagram illustrating the correlation between a product's price and the amount of it suppliers are prepared to produce.

Equilibrium Price

The market price where the quantity of goods supplied is equal to the quantity of goods demanded.

Cost

The amount of money, time, and resources associated with producing or acquiring goods and services.