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Rosabeth Moss Kanter (cited by Aulette) lists five ways in which the organization of paid work affects families.________________ refers to the values and ideas promoted at work that influence the employee in his or her behavior at home.
Opportunity Cost
Forgoing possible gains from various alternatives by picking a specific one.
Personal Savings
The portion of an individual's income that is not spent on consumption and is saved for future expenses, investments, or emergencies.
Explicit Cost
Direct, out-of-pocket payments for the purchase of inputs or resources for business operations.
Marginal Product
The additional output resulting from using one more unit of a given input, holding all other inputs constant.
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