A reward or punishment that encourages people to behave in a certain way is called an incentive.
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What is an incentive?</h3>
- In general, incentives are any means of persuading someone to change their behavior.
- The basic law of economists and the laws of behavior emphasize the importance of incentives, which suggest that larger incentives result in greater levels of effort and, thus, higher levels of performance.
- There are two types of incentives: intrinsic incentives and extrinsic incentives.
- People's behaviors are motivated from within.
- They are generally motivated by the task itself or the internal reward rather than the external reward in activities.
- There are numerous internal incentives, such as participation in activities, which can satisfy people's sense of accomplishment and provide them with positive emotions.
Therefore, a reward or punishment that encourages people to behave in a certain way is called an incentive.
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Answer:
B. They apply only to tangible assets.
Explanation:
A principal definition of real estate is as a bundle of rights associated with the possession, use, and disposition of property. Each of the following is a fundamental characteristic of property rights EXCEPT they apply only to tangible assets.
There are two types of property rights, the real and personal property rights. Examples of real property rights are landed properties such as a commercial complex while examples of personal property rights are stocks and bonds, patents.
Property rights does not only apply to tangible assets such as lands but also applies to non tangible properties such as intellectual property's, patents and bonds.
The Bessemer process was the first inexpensive industrial process for the mass production of steel from molten pig iron before the development of the open hearth furnace. The key principle is removal of impurities from the iron by oxidation with air being blown through the molten iron.
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