Diminishing Marginal Returns Occur When

question 167

Multiple Choice

Diminishing marginal returns occur when

• A) the average product of the variable input eventually diminishes.
• B) the marginal product of an additional worker is less than the marginal product of the previous worker hired.
• C) the firm hires cheap, less-skilled workers in place of expensive, high-skilled workers.
• D) total product diminishes.

Recognize the structure of organizational communication and the flow of messages.

Identify the role and types of gestures in enhancing or obstructing communication.

Recognize the importance of timing (emotional and situational) in communication.

Understand the process and effects of filtering and information overload on communication.

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Definitions:

Competency Matrix

A tool used to identify and visualize the specific skills, knowledge, and behaviors required for effective performance in a job or organization.

Sexual Orientation

An enduring pattern of romantic or sexual attraction to persons of the opposite sex, same sex, both sexes, or neither sex.

Job Performance Standards

Outlines the expected performance levels and achievements required by employees in their respective roles.

Canadian Standards Association

A nonprofit association serving business, industry, government, and consumers in Canada and the global marketplace by developing standards that address health, safety, and environmental issues.