Which of the Following Terms Refers to the Unit Cost

question 89

Multiple Choice

Which of the following terms refers to the unit cost reductions associated with large sized outputs?

• A) absolute advantage of production
• B) economies of scale
• C) constant marginal returns
• D) diminishing marginal returns

Identify and explain the different perspectives on equity and inequity in the workplace.

Describe the significance of expectancy theory and how it applies to motivation and performance.

Differentiate between intrinsic and extrinsic factors influencing employee motivation according to Herzberg's two-factor theory.

Recognize the implications of McGregor's Theory X and Theory Y on employee motivation.

---

Definitions:

Vascularity

The degree to which tissues are supplied with blood vessels, crucial for the delivery of oxygen and nutrients and the removal of waste products.

Clitoris

A sensitive organ located in the female genitalia, involved in sexual pleasure.

Mammary Glands

The glands in female mammals that produce milk to feed young offspring.

Hormone

A chemical substance produced in the body that controls and regulates the activity of certain cells or organs.