What Is the Relationship Between Income and Expenditure for an Economy

question 80

Multiple Choice

What is the relationship between income and expenditure for an economy?

• A) Income is greater than expenditure.
• B) Income is less than expenditure.
• C) Income equals expenditure.
• D) Income could be greater or less than expenditure.

Identify and explain the functional silos problem and its impact on organizational effectiveness.

Understand the role and benefits of quality circles in improving organizational processes.

Explain the formation, purpose, and dissolution processes of temporary teams in organizations.

Comprehend the strategic importance of formal groups and the roles of their leaders in organizational contexts.

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Definitions:

Esteem Needs

Psychological requirements for respect, self-esteem, and recognition, as part of Maslow's hierarchy of needs.

Affiliation Needs

The human desire to belong to a group, be accepted, and maintain relationships with others, driving social interactions.

Security Needs

Basic human requirements for safety and stability, including physical safety, employment, resources, health, and property, as essential for well-being.

Physiological Needs

Basic human necessities required for survival, such as food, water, shelter, and sleep; the foundational level in Maslow's hierarchy of needs.