Consider the following two statements:
(1) Content theories focus manager's attention of the calculation process that takes place when people decide whether
certain rewards are worthwhile.
(2) Process theories assume all people are the same; therefore a standard set of incentives could be applied to meet staff
needs.Which of these statements is/are correct?
Content theories focus on what motivates people; they consider that we are all driven by the same set of desires. Process
theories encourage a manager to communicate with staff to establish what rewards are of value to them and whether the
targets set are achievable and realistic.
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Monetary policy is a government economic policy relating to:
1 Interest rates
2 Taxation
3 Public borrowing and spending
4 Exchange rates
Which of the above are correct?
Which of the following organisations might benefit from a period of high price inflation?
Which of the following are the goals of macroeconomic policy?
1 Encouraging economic growth
2 Low unemployment
3 Achievement of a balance between exports and imports
4 Achieving zero inflation
Which of the following is an example of cyclical unemployment?
A surplus on the balance of payments usually refers to a surplus or deficit on the account.Which word correctly complete this statement?
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