The Larger the Number Tasks and the Greater the Authority

question 37

Multiple Choice

The larger the number tasks and the greater the authority required in a job,then the evaluation of the person in the job will move from ______ to ______.

• A)subjective; objective
• B)subjective; risk based
• C)objective; subjective
• D)objective; risk based

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Definitions:

Opportunity Costs

The denial of gaining from various other opportunities when a single choice is made.

Economists

Professionals who study the production, distribution, and consumption of goods and services.

Unrealistic Assumptions

Hypothetical conditions in models or theories that do not necessarily reflect real-life complexities, used to simplify analysis.

Economic Problems

Economic Problems refer to the various challenges that countries face in allocating scarce resources to meet the desires and needs of their populations.