Suppose That in 2010 MBI Corp

question 98

Multiple Choice

Suppose that in 2010 MBI Corp. produced 100 million units of a good at an average cost of $6, and in 2011 MBI Corp. expanded its plant capacity and produced 200 million units at an average cost of $6.20. In this range, one can conclude that MBI Corp. is experiencing:

• A)economies of scale.
• B)diseconomies of scale.
• C)neither economies of scale or diseconomies of scale.
• D)increasing marginal product.

Grasp the concepts of feedback and reinforcement in the context of goal achievement and motivation.

Understand and apply the concept of positive reinforcement to improve workplace behaviour and motivation.

Recognize the importance of self-efficacy in enhancing employee performance and motivation.

Distinguish between different learning and motivation theories such as the law of effect, reinforcement theory, and self-efficacy theory.

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Definitions:

Legislative Environment

The legal and regulatory framework within which an organization operates, influenced by laws and policy-making bodies.

External Political Advocacy

Activities conducted outside of an organization to influence political decisions or policies in favor of a particular cause or interest.

Statutory Law

Statutory law consists of laws and statutes that have been enacted by legislative bodies, such as Congress or state legislatures, formally codifying regulations and legal standards.

Public Health

The science and practice of protecting and improving the health of communities through education, policy making, and research for disease and injury prevention.