If an Employee Was to Produce a Work Product of a Quality

question 3

Multiple Choice

If an employee was to produce a work product of a quality level above the organization's standards, it technically would be called _______.

• A) an error
• B) good worker output
• C) self initiative
• D) none of these

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Definitions:

Monopoly

An economic setup where there is only one provider offering a distinctive item for sale.

Joint Profits

Profits that are shared among two or more businesses, typically resulting from a partnership or joint venture.

Duopolists

Two firms that dominate a market or industry, competing directly with each other.

Collude

To secretly agree with others, typically competitors, to cooperate for an illegal or deceitful purpose, such as fixing prices.