In Terms of Job Characteristics,an Electronics Factory Worker Who Assembles

question 57

Multiple Choice

In terms of job characteristics,an electronics factory worker who assembles a radio and then tests it to determine if it operates properly exemplifies:

• A)high feedback.
• B)high task significance.
• C)low feedback.
• D)low task significance.

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Definitions:

Implicit Costs

The opportunity costs that are not directly paid for or incurred in transactions but represent real costs to a business.

Implicit Costs

refer to the opportunity costs that occur when a company uses internal resources that could have been used for another purpose but do not directly affect cash flow.

Entrepreneurial Talent

The specific skills, creativity, and innovation that individuals bring to starting and managing new ventures or businesses.

Forgone Interest

The potential interest earnings lost by choosing to invest capital in one option over an alternative that offers a higher return.