If Actions to Reduce the Expected Cost of an Accident

question 166

Multiple Choice

If actions to reduce the expected cost of an accident are equally effective and managers authorize the least expensive actions first, the marginal cost of additional actions_______ .

• A)increases
• B)is zero
• C)decreases
• D)is constant

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Definitions:

Principle of Specialization

The organizational principle suggesting that dividing tasks and responsibilities among individuals or groups boosts efficiency and expertise by allowing them to focus on specific facets of their work.

Theory Y

A management concept that assumes employees are self-motivated, seek responsibility, and are creative problem solvers.

Job Autonomy

The extent to which a role allows a worker the autonomy to plan their tasks and decide on the methods to accomplish them.

Democratic Manager

A managerial style characterized by involving employees in decision-making, valuing their input, and making decisions by consensus.