An Individual's Perceptual Processes Usually Focus on Elements of the Environment

question 115

True/False

An individual's perceptual processes usually focus on elements of the environment that are relevant to his or her needs and tune out irrelevant stimuli.

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Definitions:

Marginal Product

Additional output produced as an input is increased by one unit.

Effort Level

The degree of intensity, diligence, and concentration applied by an individual or group to accomplish tasks.

Wage Rate

The amount of compensation workers receive for their labor per unit of time, which can be hourly, daily, or annually basis.

Efficiency Wage

Wage that a firm will pay to an employee as an incentive not to shirk.