The Idea That Employees Who Stay with the Organization for Many

question 49

Multiple Choice

The idea that employees who stay with the organization for many years develop skills on the job which can help the organization to become more efficient is consistent with Fayol's principle of:

• A) unity of command.
• B) unity of direction.
• C) initiative.
• D) discipline.
• E) stability of tenure.

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Definitions:

Total Variable Costs

The sum of all costs that vary directly with the level of output produced.

Earrings

Jewelry designed to be worn on the ears, available in various styles and materials.

Variable Input

An input whose quantity varies with production levels, affecting cost and output.

Marginal Cost

The added cost of producing one additional unit of a product or service.