Marginal Benefit Is Defined as

question 4

Multiple Choice

Marginal benefit is defined as

• A) the net gain from a particular level of an activity.
• B) the additional benefit gained from the last unit of an activity.
• C) the difference between total benefits and total costs of a particular level of an activity.
• D) the difference between variable costs and fixed costs.

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Definitions:

Empowered Employees

Workers who are given authority, resources, and confidence to take initiative and make decisions within their roles.

Empowering

Providing individuals or groups with the autonomy, resources, and support required to make decisions and take actions independently.

Operational Costs

Expenses associated with the day-to-day functioning of a business or organization.

Hierarchical Layers

Levels of authority and responsibility within an organization, structured in a rank order from highest to lowest.