The Law of Diminishing Returns Applies in The

question 110

Multiple Choice

The law of diminishing returns applies in the:

• A)short run and the long run.
• B)long run but not the short run.
• C)short run only.
• D)long run only.

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Definitions:

Organization

An entity comprising multiple people, such as an institution or an association, that has a collective goal and is linked to an external environment.

Charisma

A personal quality that gives an individual influence or authority over large numbers of people.

Chief Executives

Top-level managers who are responsible for the overall direction and success of an organization.

Bass's Transformational Leadership

A leadership approach that transforms followers through inspirational motivation, intellectual stimulation, and individualized consideration.