give me examples of negative incentives and positive incentives
Negative incentives:
1. Fine or penalty for late payment of bills.
2. Detention or suspension for breaking school rules.
3. Loss of privileges for low productivity or poor performance at work.
4. Higher insurance premiums for risky behaviors like smoking or reckless driving.
5. Negative feedback or criticism for failing to meet expectations.
Positive incentives:
1. Cash rewards or bonuses for achieving sales targets.
2. Recognition or employee of the month awards for exceptional performance.
3. Discounts or vouchers for loyal customers.
4. Praise or compliments for completing tasks ahead of schedule or exceeding expectations.
5. Extra time off or flexible work hours for meeting project deadlines.
Shorter
Negative incentives:
1. Fine for late payment.
2. Suspension for breaking rules.
3. Loss of privileges for low productivity.
4. Higher insurance premiums for risky behaviors.
5. Negative feedback for poor performance.
Positive incentives:
1. Cash rewards for achieving targets.
2. Recognition for exceptional performance.
3. Discounts for loyal customers.
4. Praise for exceeding expectations.
5. Time off for meeting deadlines.
Examples of Goods and Services.
Goods:
1. Cars
2. Furniture
3. Electronics
4. Clothing
5. Food products
Services:
1. Haircut
2. Plumbing
3. Legal advice
4. House cleaning
5. Fitness training
Examples of Natural, Capital, and Human Resources, please!
Natural Resources:
1. Timber
2. Water
3. Minerals (e.g., coal, iron ore)
4. Oil
5. Natural gas
Capital Resources:
1. Machinery
2. Buildings
3. Tools
4. Vehicles
5. Equipment
Human Resources:
1. Labor (workers)
2. Skills and knowledge
3. Creativity and innovation
4. Leadership
5. Problem-solving abilities
examples and definitions of trade-off, opportunity costs, risk, and decision, please. (make them one-word examples and definitions, please.)
Trade-off:
Example: Time
Definition: Giving up one thing to gain another; making a decision to accept certain disadvantages in exchange for certain advantages.
Opportunity cost:
Example: Money
Definition: The value of the next best alternative that must be given up when a choice is made; the cost of choosing one option over another.
Risk:
Example: Investment
Definition: Uncertainty or potential loss or harm in pursuing a particular course of action; the possibility of an unfavorable outcome.
Decision:
Example: Choose
Definition: A choice made after considering various options or alternatives; selecting a course of action from available possibilities.