What Are the Four Sectors in a More Complex Circular-Flow

question 123

Multiple Choice

What are the four sectors in a more complex circular-flow diagram?

• A) households, government, financial markets, and international trade
• B) households, firms, government, and financial markets
• C) households, firms, financial markets, and international trade
• D) households, firms, government, and international trade

Recognize the importance of equity and comparable worth in compensation management.

Comprehend the impact of individual needs on work behavior and attitudes.

Understand McClelland's acquired needs theory and its application in the work environment.

Differentiate between hygiene factors and motivators according to Herzberg's theory.

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Definitions:

Assertive

Characterized by confident and direct behavior or communication, ensuring one's rights or needs are recognized without being aggressive.

Attractiveness

A property or quality of someone that evokes interest, liking, or desire based on physical appearance, personality, or other traits.

Person Perception

The process by which individuals form impressions and make judgments about the characteristics and motives of others.

Cognitive Misers

A term describing how individuals prefer to conserve cognitive energy by simplifying complex information and relying on heuristics for decision-making.