Expressing Appreciation for the Work an Employee Has Done Well

question 106

True/False

Expressing appreciation for the work an employee has done well is likely to make the person more defensive about aspects of the job that are not going so well.

---

Definitions:

Perfect Competitor

A theoretical market structure in which many firms sell identical products, entry and exit are free, and no single buyer or seller can influence the market price.

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and opportunity costs.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced, indicating the cost per unit.

Perfectly Competitive Industry

A theoretical market structure characterized by unlimited buyers and sellers, homogeneity of products, and no barriers to entry or exit, leading to optimal pricing and efficiency.