Which of the Following Statements Is TRUE

question 211

Multiple Choice

Which of the following statements is TRUE?

• A) Utility units are observable.
• B) Total utility is equal to marginal utility.
• C) Utility is gained whenever someone wants a good.
• D) Marginal utility theory assumes that marginal utility diminishes as more of any good is consumed.

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Definitions:

Highest Productivity

The maximum level of efficiency in which goods and services are produced with the least amount of input.

Argyris's Theory

A development theory focused on the relationship between individual psychological development and organizational learning, aiming to align organizational structures with human needs.

Passive Workers

Employees who do not actively engage or contribute ideas and feedback in their workplace, often doing just the minimum required.

Weber's Bureaucracy

A concept developed by sociologist Max Weber that describes a structured, organized, and hierarchical form of organization, characterized by formal procedures, division of labor, and a clear hierarchy of authority.