It Is Important for an Organization to Ensure That the Objectives

question 44

Multiple Choice

It is important for an organization to ensure that the objectives set for its employees are ________.

• A)unrealistically high
• B)within easy reach
• C)low
• D)within reach,but not easy reach
• E)out of reach

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Definitions:

Better Technology

Improvements or advancements in technology that increase efficiency or productivity.

Concave Production Possibilities Curve

A graphical representation indicating increasing opportunity costs as more of one good is produced, resulting in a bowed-out shape.

Economic Resources

These are the assets, materials, and inputs used to produce goods and services, including labor, capital, and natural resources.

Opportunity Costs

The value of the foregone alternative when a decision is made; essentially, the cost of choosing one option over another.