Which Term Describes the Additional Amount a Company Will Make

question 20

Multiple Choice

Which term describes the additional amount a company will make if one more unit of a constrained resource is added?

• A)Shadow price
• B)Slack
• C)Binding
• D)Final value
• E)Sensitivity value

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Definitions:

Maslow's Hierarchy

A theory in psychology proposing that people are motivated to fulfill basic needs before moving on to other, more advanced needs.

Love/Belonging

A fundamental human need, identified by Abraham Maslow, encompassing emotional relationships with significant others, friends, and family.

Process Theory

A framework within psychology and organizational behavior that focuses on understanding how various processes (such as motivation or decision-making) lead to particular outcomes.

Goal-Setting Theory

Theory that suggests that human performance is directed by conscious goals and intentions.