Which of the following holds that firms can save money and become more productive if they pay higher wages and better benefits because they are able to hire and leverage the best talent?
A) Classical management theory
B) Behavioral performance management
C) Efficiency wage theory
D) Agency theory

Question

Quizplus · Accepted Answer

Efficiency wage theory holds that firms can save money and become more productive if they pay higher wages and better benefits because they are able to hire and leverage the best talent. Classical management theory emphasizes efficiency and productivity through strict hierarchies and standardized processes. Behavioral performance management focuses on individual and team performance through goal setting and feedback. Agency theory deals with the relationship between principals and agents in a business context.

Which of the Following Holds That Firms Can Save Money