The System of Rewards and Punishments Decision-Makers Face Is Called

question 29

Multiple Choice

The system of rewards and punishments decision-makers face is called the

• A)incentive structure.
• B)reward structure.
• C)market structure.
• D)reaction structure.

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Definitions:

Managerial Attention

The focus and prioritization that managers give to certain issues, tasks, or information, which can significantly impact decision-making and leadership.

Actual

Pertaining to or representing the current state of affairs or reality, as opposed to potential or theoretical scenarios.

Desired Performance

The specific level of output or achievement that an organization or individual aims to reach, often set as a target or goal.

Control Process

The systematic effort by business management to compare performance to predetermined standards, plans, or objectives in order to determine whether performance is in line with these standards and presumably to take any corrective action required.