The Principle That "As One Input Increases While the Other

question 167

Multiple Choice

The principle that "as one input increases while the other inputs are held fixed,output beyond some point will exhibit increases at a decreasing rate" is known as the

• A) marginal principle.
• B) principle of opportunity cost.
• C) principle of diminishing returns.
• D) spillover principle.

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Definitions:

Skills and Confidence

The combination of abilities and self-assurance that enables an individual to perform tasks effectively and believe in their capacities.

Subordinate Jobs

Positions within an organization that fall below the managerial or leadership levels, typically involving more direct task execution under supervision.

Substantial Delegation

refers to transferring a considerable amount of decision-making power or responsibility from superiors to subordinates in an organization.

Work Unit

A work unit is a group of individuals within an organization tasked with specific responsibilities or objectives.