Because Resources Are Not Equally Well Suited to Producing All

question 95

Multiple Choice

Because resources are not equally well suited to producing all goods,

• A) as more of a good is produced the inputs used to produce that good will increase in price.
• B) the opportunity costs of producing a good will increase as more of that good is produced.
• C) the opportunity costs of producing a good will decrease as more of that good is produced.
• D) as more of a good is produced the quality of that good declines and therefore the costs of production increase.

Understand the conditions that increase or reduce a subunit's power within an organization.

Identify the attributes of effective managers according to David McClelland's theory.

Distinguish between the use of power for self-interest and for the institutional good.

Explain the concept of strategic contingencies and their role in organizational dynamics.

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Definitions:

Peripheral Hard Drive

An external storage device used to store, backup, and transfer data from a computer or other digital devices.

USB Port

A standard cable connection interface for personal computers and consumer electronics to transfer data and power.

Firewire

A high-speed interface for connecting peripheral devices to a computer, allowing for rapid data transfer.

Activate

To make active, cause to function or act.