According to the Second Welfare Theorem

question 11

Multiple Choice

According to the second welfare theorem

• A)when an allocation is efficient it also achieves equity.
• B)the issues of equity and efficiency are separate in that the system can be on the contract curve but might not be considered equitable.
• C)equity cannot be analyzed in the Edgeworth box model because it shows only possible trades toward efficiency.
• D)the welfare of individuals is not based on material goods.

Differentiate between ERG theory and Maslow's hierarchy of needs.

Understand the importance of appropriate reward selection in reinforcement theory.

Recognize the benefits of fostering an effective organizational climate.

Describe the link between self-esteem and job performance, including motivation factors.

---

Definitions:

Prior Knowledge

The information gained from a combination of life and work experience.

Building Opportunities

The process of creating or identifying scenarios that allow for growth, development, or progress in various contexts.

Think Carefully

The act of considering or deliberating with attention and caution.

Analytical

Pertaining to the systematic examination or analysis of data or information.