Statement I.Labor and Capital Are Resources

question 241

Multiple Choice

Statement I.Labor and capital are resources.
Statement II.Scarcity has been largely eliminated from our economy.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

Identify the cultural and demographic considerations that influence the design and effectiveness of reward systems.

Understand the impact of goal setting on individual and organizational performance, including ethical considerations.

Describe the relationship between reward systems and employee motivation, and how they contribute to organizational profitability.

Understand the role of technology and administration in managing reward systems, particularly in flexible benefit plans.