The Marginal Product of a Worker Is Equivalent To

question 3

Multiple Choice

The marginal product of a worker is equivalent to:

• A)the total amount of output produced by all workers combined
• B)the amount of output produced by the average worker
• C)the amount of output an individual worker contributes to the total output of a firm
• D)none of the above

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Definitions:

Empowerment

The process of granting individuals or groups the power and autonomy to make decisions, take action, and contribute to organizational goals.

Intangible

A quality or attribute that cannot be physically touched or quantified easily, such as reputation or brand value.

Kaizen

A Japanese philosophy emphasizing continuous improvement in all aspects of life, including the workplace, through small and incremental changes.

TQM Managers

Managers who are responsible for implementing Total Quality Management principles, focusing on continuous improvement and customer satisfaction.