Which of the Following Is an Accurate Statement Regarding Status

question 108

Multiple Choice

Which of the following is an accurate statement regarding status systems?

• A) Anything can have status value if others in the group evaluate it that way.
• B) Status is a weak employee motivator even though it has behavioral consequences.
• C) Status can only be formally conferred on individuals.
• D) Status systems are independent of aspects such as prestige and grading.

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Definitions:

Unilaterally

Acting or done by one side alone without agreement or consultation with others.

Free Trade

An economic policy that allows imports and exports between countries with minimal or no tariffs, quotas, or prohibitions.

Comparative Advantage

The ability of an individual or country to produce a particular good or service at a lower marginal cost than others.

Production Possibilities

Various combinations of goods and services that can be produced within an economy given available resources and technology.