The Process of Influencing and Inspiring Others to Work to Achieve

question 51

Multiple Choice

The process of influencing and inspiring others to work to achieve a common goal and then giving them the power and freedom to achieve it is called:

• A)management.
• B)goal or objective setting.
• C)performance appraisal.
• D)leadership.

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Definitions:

Decreasing Marginal Utility

The phenomenon where each additional unit of a good or service consumed provides less satisfaction or utility than the previous unit.

Redistribution

The transfer of income, wealth, or property from some individuals to others through a social mechanism such as taxation, welfare, public services, etc.

Income Redistribution

The transfer of income from certain individuals or groups to others through mechanisms like taxes, welfare, and public services to achieve economic equality.

Poverty Rate

The percentage of the population that lives below the national poverty line, indicating the extent of poverty in a country.