What is a common reward sought by paid managers in companies?

Prepare for the SACE Stage 2 Economics exam with a comprehensive quiz. Study through flashcards and multiple-choice questions, each featuring hints and explanations for thorough understanding. Get ready for your exam!

Paid managers in companies typically pursue increased salaries and power as common rewards for their roles. Managers are motivated to enhance their compensation to reflect their responsibilities and the value they bring to the organization. This desire for higher salaries often goes hand in hand with seeking greater authority and influence within the company, as increased power can lead to more significant decision-making capabilities and a stronger impact on the company's direction and success.

While the other options do represent various interests that individuals within an organization might have, they are not as universally applicable to paid managers. For instance, high dividends from profit sharing may benefit shareholders more directly, ownership of the company is typically not a goal for managers who are employees rather than owners, and reduced work hours would generally be a more personal work-life balance consideration rather than a primary motivating factor for someone in a management role.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy