When Using the Economic Approach to Organizational Change, What Motivates

question 47

Multiple Choice

When using the economic approach to organizational change, what motivates employees?

• A) volunteer opportunities
• B) teamwork
• C) financial incentives
• D) shorter work hours

Assess how societal values and resource limitations influence economic choices and trade-offs.

Explain how increasing returns to scale in agriculture and shifts in societal roles influence economic outcomes.

Understand the roles and duties of an agent to the principal.

Distinguish between the concepts of agent, principle, and employee within the context of business law.

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Definitions:

Tax Revenues

The income that is received by a government from taxpayers, used to fund public services and government operations.

Keynesian

A theory in economics that emphasizes the total spending in the economy and its effects on output and inflation.

Monetarist Economists

Economists who believe that the variation in the money supply has major influences on national output in the short run and the price level over longer periods.

Monetary Policy

The process by which the central bank of a country controls the money supply, often targeting an inflation rate or interest rate to ensure economic stability.