Please choose the best answer. Thank you How do extrinsic rewards differ from intrinsic rewards?Intrinsic rewards are self-administered, while extrinsic rewards are offered by asupervisor or manager.Intrinsic rewards do not require any time or effort, while extrinsic rewardsrequire both a lot of money and patience.Intrinsic rewards are usually financial in nature, while extrinsic rewards aresomething that proves company loyalty.Intrinsic rewards are not very efficient, while extrinsic rewards provide instantresults.

A reward system is a sub-part of the compensation management function. Rewards and incentives are…

Answered: How do extrinsic rewards differ from…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Is Freidman's assessment on whether the world is flat correct or incorrect and justify your answer. What are the potential impacts of a flat world for a student performing a job search? What can students do to prepare themselves for competing in a flat world? Identify a current flattener that is not on Freidman's list.
You have just been hired as practice manager for a single-physician family practice. The practice has never had a budget, and your new boss asks that you prepare one for the upcoming year. What steps do you take to prepare and manage a budget for the practice?
Your company is a major software development company that develops enterprise software for Internet and mobile applications. You have recently been appointed the team leader on a new software development project. The members of your team have worked on various software development projects for the company. At your first team meeting, you suggest that the team meet every time the project reaches a major milestone, as defined in the project plan. However, several members of your team complained that the meetings are a waste of time. These members feel that a well-written progress report from you is all that is necessary to keep them updated and the project moving along smoothly. Who is right, the team members or the project manager? Provide the rationale for your answer. Discuss the importance of team meetings and written progress reports, including the upsides and downsides of both.
Explain the security of payment, personal information,complaint handling and dispute resolution in brief. I need to prepare 5 - 10 minutes presentation for it.
Explore the use of technology, such as AI-driven chatbots, in handling customer conflicts. What are the advantages and limitations of such approaches?
As the manager at WidgetMaker, you have discovered a need for additional training among the workforce to ensure accurate job performance. Drawing upon the material covered in this week's modules, as well as utilizing resources from the National Louis University online library and the Internet, analyze the costs and benefits associated with implementing training programs. In the form of a memo, address the company executives, outlining the significance of providing sufficient training to the company and presenting a justification for the financial costs involved. Within your memo, address the following: Evaluate the costs and benefits to both the company and the employee. How do the benefits justify the costs? What factors should the company consider when designing a training program? How should its effectiveness be evaluated?
Can you guys help me on this? Thank you! Here is the question: Is it possible for a country's economy to be based entirely on services? Here's my classmate's reply: It is technically achievable but difficult for a nation's economy to be completely focused on services. Services are becoming the main economic sector in modern economies, particularly in high-income nations. For instance, services make up more than 75% of GDP in the US and the UK (World Bank, 2020). This covers industries like technology, finance, healthcare, education, and tourism. Rather than manufacturing or agriculture, human capital and knowledge-intensive industries are the main priorities of a service-based economy. A solely service-driven economy would, however, have serious difficulties with regard to trade imbalances, resource availability, and independence. The fact that services by themselves do not produce tangible things is one of the main challenges. Basic necessities for a nation still include food,…
While working as a new employee at the Defense Contracting Audit Agency, you noticed that a fellow employee was studying intensely for the Financial Accounting section of the CPA test. You planned to sit for that test section in two months, and your colleague was sitting for that test section next Thursday. On Thursday evening, you phoned your friend to see how she was doing after the test. She thanked you for being considerate and told you that she was emotionally drained. Nonetheless, she then kept you on the phone for 15 minutes, telling you about the “nasty” Statement of Cash Flows and Consolidation problems she encountered. What is the ethical issue? Did either of you commit a discreditable act under the Code of Conduct?
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure. Greenville Cabinets received a contract to produce speaker cabinets for a major speaker manufacturer. The contract calls for the production of 3,700 bookshelf speakers and 4,500 floor speakers over the next two months, with the following delivery schedule: Model Month 1 Month 2 Bookshelf 2,300 1,400 Floor 1,700 2,800 Greenville estimates that the production time for each bookshelf model is 0.7 hour and the production time for each floor model is 1 hour. The raw material costs are $12 for each bookshelf model and $14 for each floor model. Labor costs are $24 per hour using regular production time and $35 using overtime. Greenville has up to 2,600 hours of regular production time available each month and up to 1,200 additional hours of overtime available each month. If production for either cabinet exceeds…
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Because of the evolution of technology, especially over the last two decades, letter writing in business has slowly fallen by the wayside. We are more apt to send a quick email as correspondence rather than sending a formal letter to a customer or colleague. The document that has probably suffered the most, however, is the handwritten thank you note, and it has almost become a lost art. My questions to you are these: 1. Do you write handwritten thank you notes in your business life? Have you sent a handwritten thank you note to an interviewer after a job interview? 2. Do you write handwritten thank you notes in your private life?
Discuss the three (3) negotiation styles, accommodators, avoiders, and collaborators. Imagine you have just been promoted to Managing Director of Retail Sales. Last week, your organization received complaints from two hundred customers who are unsatisfied with the quality of the carpets they purchased over a period of 2 months. As the Managing Director of Sales, you are committed to resolving this serious problem and to improving the relationship between the customers and the company with a high level of urgency. Describe the type of negotiation stye your sales team will use to address this issue Explain. Please be mindful to use relevant personal selling concepts to support the claim.

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