The Additional Benefit of Increasing Some Activity Is Called the

question 620

Multiple Choice

The additional benefit of increasing some activity is called the

• A) marginal benefit.
• B) marginal opportunity benefit.
• C) marginal opportunity cost.
• D) scarcity benefit.

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Definitions:

Self-Assessments

The process by which individuals evaluate their own performance, skills, and qualities, often as part of personal development or performance appraisal processes.

Performance Appraisal

A process by which a manager or consultant evaluates and provides feedback on an employee's work performance.

Alternation Ranking

A method used in job evaluation where jobs are ranked based on alternating highest and lowest demands for certain criteria.

Performance Measurement

The process of evaluating the effectiveness and efficiency of actions or outputs of employees, departments, or organizations.