Which of These Employee Types Is More Likely to Play

question 33

Multiple Choice

Which of these employee types is more likely to play a crucial role in driving innovation and enabling organizations to respond to rapid shifts in the environment?

• A) Vice president
• B) Department head
• C) Employee working on the production line
• D) Team member
• E) CEO

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Definitions:

Accounting Profit

The total revenue of a firm less its explicit costs; the profit (or net income) that appears on accounting statements and that is reported to the government for tax purposes.

Diseconomies of Scale

A situation in which a company or business grows so large that the costs per unit increase, leading to decreased efficiency.

Large-Scale Business

A business that operates on a large scale, often involving extensive operations, significant capital, numerous employees, and a wide geographical reach.

Law of Diminishing Returns

A principle stating that if one factor of production is increased while others remain constant, the overall returns will eventually decrease after a certain point.