The Design and Control of Formal Systems for the Management

question 108

Multiple Choice

The design and control of formal systems for the management of people within an organization is known as

• A)performance management.
• B)human resources management.
• C)organization design.
• D)management of organizations.
• E)personnel resource management.

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Definitions:

Marginal Utility

The additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.

Marginal Utility

is the additional satisfaction or benefit a consumer derives from consuming one more unit of a good or service.

Total Utility

The total satisfaction or benefit a person derives from consuming a certain quantity of goods or services.

Consumer Derives

The satisfaction or utility that a consumer obtains from purchasing and using goods or services.