Business, 12.07.2019 09:00 Tokkey12

Which common saying best captures the concept of incentives, one of the key principles of economics?

Answers: 1

Show answers

Answers

Answer from: ugtguytu8528

The saying goes like this: "if the carrot doesn't work, try the stick"

Answer from: rebtav

The common saying the best captures the concept of incentive is that if the carrot does not work, try the stick. It is one of the key principles of economics.

Further Explanation:

Principle of Economics:

Principle of economics is the technique that can be used to produce the goods and services in an effective manner. With the help of principles of economics, the employee can used these principles to manufacture the more goods by using the carrot does not work, try the stick.

The economy of the country tells us about the actual production of the goods in a particular period, growth of the country, and the total income and expenses during a particular year.

Incentive:

Any employee can gets the incentive when he or she does the work more than the target. The employee put their extra effort to earn the incentive. Incentive is the amount in excess of the salary received by the employee. Sometimes, the employee does the extra work as a punishment.

If the carrot does not work, try the stick:

The carrot here means the incentive earn and the stick means the company threats the employee to fire from the company. First, the company uses the carrot technique to encourage the employee to do extra work. But if it does not work, the company uses stick technique, in which the company makes pressure on the employee minds. The company threats the employee to fire from the company. This ultimately improves the efficiency of the employee.

Learn more:

1.Learn more about goods production

2.Learn more about demand and supply diagram

3.Learn more about trade-offs

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Incentives

Keywords:

common saying, best captures, concept, incentives, salary, technique, manufacture, threat, punishment, employee, employer, company, a quantity of ,goods and services, fire, and efficiency.

Answer from: Quest

explanation:

kool beans

Answer from: Quest

This is true for sure

Other questions on the subject: Business

Business, 22.06.2019 11:50, dinero0424

After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?

Answers: 1

continue

Business, 22.06.2019 16:40, kat1191

Job applications give employers uniform information for all employees, making it easier to

Answers: 1

continue

Business, 22.06.2019 20:30, tilly40oooo

This problem has been solved! see the answercompute and interpret altman's z-scoresfollowing is selected financial information for ebay, for its fiscal years 2005 and 2006.(in millions, except per share data) 2006 2005current assets $ 4,970.59 $ 3,183.24current liabilities 2,518.39 1,484.93total assets 13,494.01 11,788.99total liabilities 2,589.38 1,741.00shares outstanding 1,368.51 1,404.18retained earnings 4,538.35 2,819.64stock price per share 30.07 43.22sales 5,969.74 4,552.40earnings before interest and taxes 1,439.77 1,445.18compute and interpret altman z-scores for the company for both years. (do not round until your final answer; then round your answers to two decimal places.)2006 z-score = answer2005 z-score = answerwhich of the following best describes the company's likelihood to go bankrupt given the z-score in 2006 compared to 2007.the z-score in 2006 is half of the 2005 score. both z-scores are well above the score that represents a healthy company. the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly increased the risk of bankruptcy. the z-score in 2006 is half of the 2005 score. the z-score has decreased sharply, which suggests the company is in financial distress. the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly lowered the risk of bankruptcy.

Answers: 3

continue

Business, 22.06.2019 21:40, andyboehm7411

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.