If employees conform to the economist's view of behavior, managers will be most effective if they can:
A) influence the costs and benefits of employee actions.
B) improve employee satisfaction with the job.
C) communicate goals and objectives effectively to their employees.
D) fire bad employees.

Question

Quizplus · Accepted Answer

The economist's view of behavior assumes that individuals are rational and make decisions based on a cost-benefit analysis. Therefore, managers can be most effective by influencing the costs and benefits of employee actions. This can be done through incentives, rewards, and other means to encourage desirable behaviors and discourage undesirable ones. Improving employee satisfaction and effective communication of goals are important, but they are not sufficient on their own to ensure optimal employee behavior. Firing bad employees may be necessary in some cases, but it is not a proactive or systematic approach to managing employee behavior.

If Employees Conform to the Economist's View of Behavior, Managers