Which of the Following Is a Limitation of Informal Rewards

question 62

Multiple Choice

Which of the following is a limitation of informal rewards?

• A) They are difficult to implement.
• B) They are often ignored by leaders as being trivial.
• C) They are not very flexible.
• D) They are least cost-effective method.

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Definitions:

MR

Marginal Revenue, which is the additional income derived from selling one more unit of a good or service.

Marginal Revenue

Marginal revenue is the additional income generated from selling one more unit of a good or service.

Own-price Elasticity

A measure of how sensitive the quantity demanded of a good is to a change in its own price, reflecting the responsiveness of demand to price changes.

Quantity Demanded

The quantity of a product that buyers are ready and capable of buying at a specific price.