If an Activity's Cost Is Plotted Against Its Duration on Axes

question 30

Multiple Choice

If an activity's cost is plotted against its duration on axes with zeros at the origin:

• A)the slope of the line is positive because it costs more to finish an activity more quickly.
• B)the slope of the line is negative because a shorter activity costs less than a longer one.
• C)the slope of the line is negative because it costs more to finish an activity more quickly.
• D)the slope of the line is positive because a longer activity costs more than a shorter one.

Recognize the importance of team member satisfaction for effective team functioning and continuity.

Understand the concept and implications of the FIRO-B theory for team dynamics.

Define and explain the diversity-consensus dilemma.

Recognize the role and impact of computer-mediated teams in the workplace.

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Definitions:

MRP

Marginal Revenue Product; the additional revenue generated from employing one more unit of a resource, a key concept in labor economics and the theory of firm.

Labor Demand Schedule

A tabulation or curve showing the quantity of labor that firms wish to hire at each possible wage rate, displaying the negative relationship between wages and quantity of labor demanded.

Wage Rate

The amount of compensation paid to an employee by an employer in exchange for work performed, typically expressed per hour or year.

Purely Competitive

A market structure characterized by a large number of small firms, homogenous products, and no single firm having control over the market price.