The First Thing That Managers Need to Recognize When Communicating

question 1

Multiple Choice

The first thing that managers need to recognize when communicating feedback one-on-one to employees is that feedback can be:

• A) constructive or destructive
• B) bureaucratic or participative
• C) regulated or unregulated
• D) formalized or unformalized
• E) extrinsic or intrinsic

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Definitions:

Decreasing Returns to Scale

Decreasing Returns to Scale occurs when a firm increases all inputs by a certain proportion, but the output increases by a smaller proportion, indicating reduced efficiency.

Average Costs

The total cost of production divided by the number of units produced, often used to assess efficiency and profitability.

Decreasing Returns to Scale

A situation in which increasing the scale of production leads to a proportionally smaller increase in output, often due to inefficiencies.

Long Run Average Cost Curve

A graphical representation showing the lowest cost at which a firm can produce any given level of output in the long run, where all inputs are variable.