A Supervisor Can Benefit from His or Her Entire Group's

question 92

Multiple Choice

A supervisor can benefit from his or her entire group's creativity by

• A) implementing a groupthink philosophy.
• B) establishing a work climate that encourages innovative thinking.
• C) using bounded rationality.
• D) reaching a consensus without critically testing, analyzing, or evaluating ideas.

---

Definitions:

Industry Supply Curve

A graphical representation that shows the relationship between the price of a good and the total output of that good by all firms in the industry.

Diminishing Returns

A principle stating that as one factor of production increases while others remain fixed, there will eventually be a decrease in the incremental output gained.

Normal Rate

A standard or usual level of financial return on investment or interest on loans.

Supply

The total amount of a product or service that is available to consumers at a given price over a specific period.