When Jerry Thought He Was the Only Person Who Was

question 105

Multiple Choice

When Jerry thought he was the only person who was assigned the job of contacting alumni for a 15-year reunion, he spent several hours on the phone each evening trying to reach members of his graduating class. When he learned that eight other people were also working on contacting the alumni, he spent only 30 minutes each night making phone calls. The process that would BEST explain the decrease in Jerry's effort when he learned that he was working as part of a larger group is

• A)social interference.
• B)social loafing.
• C)the bystander effect.
• D)social dissonance.

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Definitions:

Total Revenue

The total amount of money a company receives from its sales of goods or services, not subtracting any costs.

Profit

The profit achieved when the revenue from a business activity surpasses the necessary expenses, costs, and taxes to maintain that activity.

Economic Costs

The total expenses incurred in producing a good or service, including opportunity costs.

Total Revenue

The overall amount of money earned by a business from the sale of its goods or services, calculated as the product of price times quantity sold.