An Organization Interested in Measuring the Overall Satisfaction Level of Its

question 55

Multiple Choice

An organization interested in measuring the overall satisfaction level of its employees rather than the employees' satisfaction with several job facets would probably use the _____ to measure satisfaction.

• A) Nagy Job Satisfaction Scale
• B) Job Descriptive Index
• C) Job in General Scale
• D) Minnesota Satisfaction Questionnaire

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Definitions:

Opportunity Cost

The value of the next best alternative forgone as a result of making a decision, reflecting the trade-offs of choosing one option over another.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, underpinning international trade.

Specialization

The practice of focusing on and becoming expert in a particular subject or skill, in economics, it refers to individuals or firms concentrating on the production of limited kinds of goods or services.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than others.