Some Managers Say That What Gets Measured Gets Done

question 45

Essay

Some managers say that what gets measured gets done. Do you agree? What does this have to do with setting objectives?

Explain how varying output levels influence long-run marginal and average total costs.

Distinguish between the cost characteristics of different firms based on their size and output levels.

Understand the concept of budget surplus and deficit alongside their causes.

Recognize the historical context and current trends in tax burden in the United States.

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Definitions:

Positive Reinforcer

A stimulus which, when presented after a behavior, increases the likelihood of that behavior being repeated.

Positive Punisher

A stimulus that, when introduced after a behavior, decreases the likelihood of that behavior occurring again.

Negative Punisher

A stimulus that, when removed after a behavior, decreases the likelihood of that behavior occurring in the future.

Positive Punishment

The addition of an unpleasant stimulus to decrease the likelihood of a behavior's recurrence.