Randy Is a Team Leader at Welldrilling

question 90

Multiple Choice

Randy is a team leader at Welldrilling.net. His team is made up of fifteen co-workers. Recently, he has noticed a tendency for some team members to participate much less than others. They seem uninterested and content to let others do the work. This is called:

• A) free riding.
• B) reduced commitment.
• C) power realignment.
• D) the costs of coordination.
• E) self-directed team.

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Definitions:

Total Benefit

The total gain received from consuming a good or service, often evaluated in terms of satisfaction or utility.

Profit-Maximizing Principle

The concept that firms operate to achieve the highest profit possible, which involves setting output where marginal costs equal marginal revenues.

Marginal Analysis

An examination of the benefits and costs of one additional unit of production or consumption.

Marginal Benefit

Refers to the additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.