Which of the Following Statements Is NOT a Prerequisite for Participation

question 43

Multiple Choice

Which of the following statements is NOT a prerequisite for participation?

• A) Neither party should feel that its position is threatened by participation.
• B) Employees should have enough time to participate before action is required.
• C) The potential benefits of participation should be greater than the costs.
• D) All employees, regardless of mental capacity, should participate.

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Definitions:

Entrepreneurial Ability

is the skill set and initiative to start, manage, and succeed in a new business venture or enterprise.

Resources

refer to assets, materials, or inputs used to produce goods and services, including natural resources, human skills, and capital.

Production Possibilities Curve

A graph that shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.

Production Possibilities Frontier

A graph that shows the various combinations of outputs that an economy can possibly produce given the available factors of production and the available production technology.