Figure 10-12 -Refer to Figure 10-12. Which of the Following Is an Following

question 222

Multiple Choice

Figure 10-12
-Refer to Figure 10-12. Which of the following is an appropriate label for Line 2?

• A)social cost minus social value
• B)social value minus private cost
• C)demand
• D)private value plus external benefit

---

Definitions:

Work Efficiency

The measure of the effectiveness with which tasks and goals are accomplished, often focusing on maximizing outputs with minimal wasted effort or resources.

Employee Motivation

The level of energy, commitment, and creativity that a company's workers bring to their jobs.

Scientific Management

A management theory that analyzes and synthesizes workflows, improving labor productivity by scientifically studying job tasks.

Job Enrichment

A method of motivating employees by providing them with variety in their tasks and opportunities for growth and responsibility.