Which of the Following Theories Added a Personal Element to the Study

question 19

Multiple Choice

Which of the following theories added a personal element to the study of organizations?

• A)Theory X
• B)Theory Y
• C)Human Relations Theory
• D)Resource Theory

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Definitions:

Labor Resource Market

A market where individuals offer their labor or services for wages to employers who are in need of those services.

Output Effect

The change in total revenue generated by selling an additional unit of a product or service.

Substitution Effect

The economic understanding that as prices rise or income decreases, consumers will replace more expensive items with cheaper alternatives.

Price of Capital

The cost of using capital assets, which can include interest rates on loans used to purchase the assets or opportunity costs of investing capital elsewhere.