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A Hierarchy Requires Many Top Managers, but Only a Few

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True/False

A hierarchy requires many top managers, but only a few middle managers.

Understand the concept of the hedonic treadmill and its implications for economic well-being.
Evaluate the effectiveness of different motivational strategies from a behavioral economics perspective.
Analyze the influence of default options and nudges on economic behavior.
Assess the validity and implications of behavioral economics' critique of the assumption of rationality in economic models.

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