Which Department Is Responsible for Approving Changes in Pay Rates

question 56

Multiple Choice

Which department is responsible for approving changes in pay rates for employees?

• A)payroll
• B)treasurer
• C)personnel
• D)cash disbursements

Distinguish between not-for-profit and for-profit organizations and their roles in the economy.

Explain the key concepts in capitalism according to Adam Smith, including the invisible hand and competition.

Understand the significance of adapting to customer preferences and technological advancements for business success.

Recognize the impact of competitive differentiation and consumer orientation on business strategies.

---

Definitions:

Intrinsic Motivation

The drive to perform an activity for its inherent satisfaction rather than for some separable consequence.

Intrinsic Motivation

The drive to engage in an activity for its own sake, rather than for an external reward or outcome.

Extrinsic Motivation

Motivation that is driven by external rewards such as money, fame, grades, and praise.

Subject Interesting

A subjective assessment indicating how much an individual is intrigued, engaged, or finds a specific topic or activity appealing.