Veronica Doesn't Feel Responsible for the Outcomes of Her Work

question 206

Multiple Choice

Veronica doesn't feel responsible for the outcomes of her work.According to Hackman and Oldham's Job Characteristics Model, which core job characteristic is low?

• A)Feedback
• B)Skill variety
• C)Task identity
• D)Autonomy
• E)Task significance

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Definitions:

Maximize Profit

To maximize profit, a firm seeks to increase the difference between its total revenues and total costs through optimal pricing strategies and efficient production.

Marginal Cost

Marginal cost represents the increase or decrease in the total cost of production when the quantity produced is incremented by one unit.

Purely Competitive Firm

A business that operates in a market with many buyers and sellers, where each firm has no control over the market price and produces a homogeneous product.

Maximize Profit

The economic goal of efficiently allocating resources in production to achieve the highest possible return or profit.