An Important Reason That Employee Recognition Programs Are Often Effective

question 24

Multiple Choice

An important reason that employee recognition programs are often effective is that

• A) most workers want more money.
• B) most workers feel they do not receive enough recognition.
• C) collecting company souvenirs is a popular hobby.
• D) the need for economic security and safety is strong.

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Definitions:

Indifference Curve Analysis

A graphical representation used in microeconomics to show combinations of two goods that provide the consumer with equal levels of satisfaction or utility.

Numerically Measurable

Refers to data or quantities that can be quantified and expressed in numerical terms, facilitating analysis and comparison.

Utility Analysis

An economic technique for measuring the satisfaction or benefit derived by consumers from consuming goods and services.

Indifference Curve

A graph showing different combinations of two goods that provide equal satisfaction and utility to a consumer.