The Monitor Role Includes the Following Activities

question 49

Multiple Choice

The monitor role includes the following activities:

• A) seek and receive information
• B) transmit information to external stakeholders
• C) maintain information links both inside and outside the organisation
• D) direct and motivate subordinates
• E) decide to get organisational resources.

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Definitions:

Marginal Social Benefit

The additional benefit to society as a whole from one more unit of a good or service being consumed.

Marginal Private Benefit

The additional benefit or satisfaction received by a consumer or producer from consuming or producing one more unit of a good or service.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both private costs and any externalities.

Nonexcludable

A characteristic of public goods where it is not possible to prevent individuals from using the good or service, regardless of whether they have paid for it.