Organizational Behavior Involves the Actions of Individuals and Groups in an Organizational

question 53

True/False

Organizational behavior involves the actions of individuals and groups in an organizational context.

---

Definitions:

Opportunity Costs

The expense incurred from not selecting the subsequent preferable choice when a decision is made.

Comparative Advantage

The ability of a country or entity to produce a good or service at a lower opportunity cost than others, enabling trade benefits.

Production

A process that transforms resources into goods and services.

Absolute Advantage

The ability of a country, company, or individual to produce a good or service more efficiently than competitors using the same amount of resources.