Suppose Q Is Total Real Output, K Is Capital in Use

question 21

Multiple Choice

Suppose Q is total real output, K is capital in use, and L is labour employed.How is the productivity of labour measured?  

• A) as K/L 
• B) as L/K 
• C) as Q/L 
• D) as Q/K

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Definitions:

Management By Exception

A management strategy where leaders intervene only when necessary, mainly when there are deviations from expected outcomes; it emphasizes autonomy in the regular tasks.

Positive Reinforcement

A technique in behavior analysis that involves the addition of a stimulus following a desired behavior, increasing the likelihood of that behavior occurring again.

Negative Reinforcement

A behavioral concept where the removal of an unpleasant stimulus strengthens a desired behavior.

Full Range Leadership Model

A leadership model that suggests leaders can operate across a spectrum of behavioral tactics, from laissez-faire to transformational leadership strategies.