Abe Can Catch 10 Pounds of Fish an Hour or Pick

question 322

Multiple Choice

Abe can catch 10 pounds of fish an hour or pick 10 pounds of fruit. Zeb can catch 30 pounds of fish an hour or pick 20 pounds of fruit. The opportunity cost of fish is ________for Abe than for Zeb, and the opportunity cost of fruit is ________for Abe than for Zeb.

• A) higher, higher
• B) lower, higher
• C) higher, lower
• D) lower, lower

Identify the conditions under which rumors spread most effectively in organizations.

Understand how personal emotions and gossip contribute to the grapevine.

Recognize the role of non-verbal communication in conveying messages within organizations.

Comprehend how office decor and arrangement reflect and influence organizational communication.

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Definitions:

Externalities

Economic side effects or consequences that affect someone other than the buyer or seller, can be positive or negative.

Incentives

Motivations or rewards that influence the actions and behaviors of individuals or organizations.

External Benefit

A positive effect or advantage that results from a transaction or activity but benefits a third party who is not directly involved in the transaction.

Social Value

The importance or worth of something to society, considering factors beyond mere economic gains, like environmental sustainability and social equity.