The Understanding That People Are More Likely to Carry Out

question 17

Multiple Choice

The understanding that people are more likely to carry out decisions they helped to make is based on the research of ______.

• A) Kurt Lewin
• B) Douglas McGregor
• C) Frederick Taylor
• D) Chester Barnard

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Definitions:

Excludability

Excludability is a property of a good or service that allows its owner to prevent others from using it without permission, which is important for classifying goods in economic terms.

Public Good

Services or commodities made available to every person in a society free of cost, courtesy of either the government or non-governmental organizations, devoid of profit objectives.

Marginal Benefit

Marginal Benefit is the additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Marginal Cost

The supplementary expense associated with creating an additional unit of a product or service.