The Tendency for People to Work Less Hard When They

question 163

Multiple Choice

The tendency for people to work less hard when they are working in a group than when they are working alone is known as

• A)the self-serving bias
• B)groupthink
• C)social loafing
• D)social facilitation

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Definitions:

Marginal Cost

The cost incurred by producing one additional unit of a product or service.

Fixed Costs

Fixed costs refer to expenses that do not change with the level of production or output over the short term, such as rent, salaries, and insurance premiums.

Sensitivity Analysis

A technique in financial modeling used to determine how different values of an independent variable affect a particular dependent variable under a given set of assumptions.

Variable Costs

Costs that vary directly with the level of production or volume of sales, such as materials and labor.