The Marginal Productivity Principle Has Some Relevance to Organizing Production

question 147

True/False

The marginal productivity principle has some relevance to organizing production in a socialist society.

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Definitions:

Effective Size

Refers to the actual impact or capability of a group or organizational unit to achieve its objectives.

Context Factor

An external condition or circumstance that influences the environment in which an event occurs or a decision is made.

Organizational Rewards

Incentives provided by an organization to motivate and recognize its employees' performance.

Team Effectiveness

The degree to which a team achieves its objectives, meets the needs of its members, and sustains itself over time.