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Managers Can Use the Grapevine Productively by Respecting Employees' Desire

question 81

Multiple Choice

Managers can use the grapevine productively by respecting employees' desire to know,acting promptly to correct misinformation,and ________.


Definitions:

Law of Diminishing Marginal Utility

An economic principle that states the additional satisfaction a consumer gets from purchasing one more unit of a product will lessen with each additional unit purchased.

Marginal Utility

The additional satisfaction or utility that a consumer derives from consuming one more unit of a good or service.

Total Utility

The total satisfaction or benefit a consumer receives from consuming a specific quantity of goods or services.

Income Effect

The change in an individual's or economy's income and how that change will impact the quantity demanded of a good or service.

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