Attitudes Are an Important Factor in Organizational Behavior Because:​

question 13

Multiple Choice

Attitudes are an important factor in organizational behavior because:​

• A)​they influence performance evaluations of managers.
• B)they are easily accessed.​
• C)they are closely linked to behavior.​
• D)they last longer than emotions.​

Interpret the legal obligations of occupiers and manufacturers towards preventing harm to others.

Understand the principles and obligations under the occupier's liability across different jurisdictions and how it applies to trespassers.

Recognize the legal implications and responsibilities of property damage, trespass, and actions rooted in vicarious and strict liability.

Comprehend how misrepresentations in zoning, whether intentional or accidental, can lead to legal actions for deceived parties.

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Definitions:

Implicit Costs

The opportunity costs that arise from using resources that a business already owns rather than earning revenue from those resources elsewhere.

Explicit Costs

Direct, out-of-pocket expenses incurred in conducting a business activity, such as wages, rent, and materials.

Economic Profits

Profits earned by a company after accounting for both explicit (direct) and implicit (opportunity) costs.

Marginal-Cost Curve

A graph that shows the relationship between the marginal cost of producing an additional unit and the total quantity of the product produced.