Define the Term Rationing Device and Give an Example of Each

question 98

Essay

Define the term rationing device and give an example of each of three possible rationing devices.Explain how scarcity implies the need for a rationing device.

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Definitions:

Empowerment

Process by which a manager shares power with team members, thereby enhancing their feelings of self-efficacy.

Self-managed Work Team

A group of employees who are responsible for managing and controlling all or most aspects of their work without direct supervision.

Empowerment

A process through which individuals gain control, authority, and influence over their personal, workplace, or community situations.

Motivate

To provide with a reason or incentive to act or accomplish something.