Human Resources Is the Most Common Outsourced Function

question 19

True/False

Human resources is the most common outsourced function.

Recognize the roles and influence of group norms and status in group behavior and performance.

Differentiate between homogeneous and heterogeneous groups and understand their impacts on organizational tasks.

Describe the characteristics and benefits of self-managing work teams.

Define the concept of group norms and understand how they can influence group performance.

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Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.

Specialization of Labor

The division of labor where individuals or groups focus on specific tasks or jobs, increasing efficiency and productivity.

Diminishing Marginal Returns

Diminishing marginal returns occur when the increase in output from adding an additional unit of input decreases, holding all other inputs constant.

Long-run Average Total Cost

The average cost per unit of output when all inputs, including capital, can be varied, and economies of scale are realized fully.