Creativity Is Directly and Positively Linked to Organizational Effectiveness and to ______

question 1

Multiple Choice

Creativity is directly and positively linked to organizational effectiveness and to ______.

• A) increased manpower inefficiencies
• B) reduced need for team dependence
• C) increased profitability at the bottom line
• D) improvements in quality and productivity

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Definitions:

Marginal Revenue

The additional income earned by selling one more unit of a good or service.

Marginal Product

The increase in output that results from a one-unit increase in the quantity of a single input while holding other inputs constant.

Marginal Productivity Theory

An economic theory that suggests the value of a good or service is determined by the marginal productivity of the inputs used in its production.

Perfectly Competitive

A market structure where many firms sell identical products, entry and exit are easy, and no single buyer or seller can influence the market price.