A Lawn Service Is Deciding Whether to Add an Additional

question 133

Multiple Choice

A lawn service is deciding whether to add an additional employee to its summer crew. The marginal cost of hiring this worker depends on the

• A) the additional revenue created by having an additional worker minus the cost of hiring the worker.
• B) total amount paid to all previously hired workers.
• C) the total amount paid to all the workers, both the new one and the previously hired workers.
• D) total amount paid to only the new worker.

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Definitions:

Punishment

Yet another term from reinforcement theory, punishment refers to a situation in which a behavior is followed by negative consequences and so is not repeated.

Stable Employers

Companies or organizations known for their financial stability and consistent employment opportunities.

Employment Downsizers

Companies or individuals involved in the process of reducing the workforce to cut costs and improve organizational efficiency, often through layoffs or terminations.

Procedural Justice

The fairness and transparency of the processes that lead to outcomes or decisions, which can affect perceptions of fairness and organizational trust.