Autonomy Is the Degree to Which a Job Allows an Employee

question 55

True/False

Autonomy is the degree to which a job allows an employee the freedom and independence to schedule work and decide how to carry it out.

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Definitions:

Labor

Labor refers to the human effort, both physical and mental, used to produce goods and services.

Close Substitutes

Goods or services that can be used in place of each other with relative ease by consumers, based on similar features, functions, or effects.

Elastic

In economics, elasticity refers to the degree to which demand or supply responds to changes in price. High elasticity means a significant change in quantity with a small change in price.

Unit-elastic

A situation in which the percentage change in quantity demanded is equal to the percentage change in price, indicating a unitary elasticity of demand.