Which of the Following of Likert's Four Systems of Management

question 22

Multiple Choice

Which of the following of Likert's four systems of management relates to managers using rewards occasionally, but also punishment, information flow is mostly downward, and most decisions are made at the highest levels?

• A) System 1
• B) System 2
• C) System 3
• D) System 4

Recognize the fundamental theories and philosophical influences in psychology.

Identify the early schools of thought and their central tenets within psychology.

Distinguish between nativism and empiricism, and their impact on psychological theory.

Appreciate the methodology and techniques used in the early study of psychology.

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Definitions:

Normal Goods

Goods for which demand increases as consumer income rises, and decreases when consumer income falls.

Interest Rate

The cost of borrowing money or the return on investment, expressed as a percentage, charged by lenders to borrowers for the use of their money.

Substitution Effect

The change in demand for a good or service caused by a change in its price, making consumers replace it with a cheaper alternative.

Income Effect

A change in consumption patterns resulting from a change in real income due to variations in prices, other factors remaining constant.