What Statement Reflects the Change from Early Management Theory to Current

question 29

Multiple Choice

What statement reflects the change from early management theory to current theory?

• A) There has been a shift from how workers could perform more efficiently to the human element through behavior sciences.
• B) There has been a shift from why workers perform to how much they can produce.
• C) The shift occurred within the past few years in the millennium.
• D) The shift occurred because there was too much focus on the behavioral sciences and needed to place the focus back on production.

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Definitions:

Marginal Cost

The increase or decrease in the total cost that arises when the quantity produced is incremented by one unit.

Fixed Factor

A resource or input whose quantity cannot easily be changed in the short run.

Diminishing Returns

A principle stating that if one factor of production is increased while others are held constant, the output per unit of the variable factor will eventually decrease.

AVC

Average variable cost, which is the total variable cost divided by the quantity of output produced.