You Find That You Have a Backlog of Orders Due

question 11

Multiple Choice

You find that you have a backlog of orders due to an increase in demand for your product.You determine that if you hire one more person you will be able to increase your sales volume by $300 because of projected output by this extra person.Wages per day for this extra person will be $100.The marginal revenue product for this extra worker is

• A)$100
• B)$200
• C)$300
• D)$400

Analyse the nature and impact of change within contemporary businesses.

Outline different types of organisational change and their objectives.

Understand the role of a manager as a change agent in the workplace.

Recognize the different targets for planned organizational change.

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Definitions:

Code of Ethics

A set of principles and standards that guide the behavior and decisions of individuals or organizations within a profession.

Do No Harm

A foundational principle in healthcare and bioethics that emphasizes the importance of not causing injury or suffering to patients.

Human Rights

The basic rights and freedoms that all individuals are entitled to, such as freedom of speech, privacy, and equality before the law.

Full Disclosure

The requirement or practice of revealing all relevant information or facts, especially in financial transactions or legal matters.