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A Manager Needs to Learn How to Manage Individual Differences

question 6

Essay

A manager needs to learn how to manage individual differences.List four types of behavior that a manager needs to influence employees to do their best work.


Definitions:

Tax Imposed

A financial charge or levy mandated by a government on individuals or entities.

Extra Income

Additional money earned beyond the regular income, which can come from various sources such as a second job, investments, or side businesses.

Compensating Variation

A monetary measure of the amount of income required to return an individual to their original utility level after a price change.

Price Increase

A rise in the cost of goods or services, which can occur due to various factors including increased production costs, higher demand, or inflation.

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