Among the Various Types of Incentives,which of the Following Is

question 70

Multiple Choice

Among the various types of incentives,which of the following is most likely to result in a reduction in customer turnover?

• A)Profit sharing
• B)Company-wide recognition
• C)Stock options
• D)Bonus

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Definitions:

Greatest Good

A principle aimed at achieving the highest level of benefit or welfare for the greatest number of people, often considered in ethical decision-making.

Ethical Approach

A method or strategy for decision-making that prioritizes ethical principles and values, often emphasizing morality, fairness, and justice.

Leadership

The act of guiding or influencing a group towards achieving a common goal through inspiration, strategy, and direction.

Leadership Theories

The various models and explanations developed to understand leadership, including traits, behavior, contingency, and transformational leadership theories.