Suppose 30 Employee-Hours Can Produce 50 Units of Output

question 31

Multiple Choice

Suppose 30 employee-hours can produce 50 units of output.Assuming the law of diminishing marginal returns is present,to produce 100 units of output will require:

• A)an additional 30 employee-hours.
• B)more than 30 additional employee-hours.
• C)a total of 60 or less employee-hours.
• D)less than 30 additional employee-hours.

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Definitions:

Customer Satisfaction

The level of contentment or pleasure a customer derives from the purchase of goods or services and their experience with a company.

Total Quality Management

An organization-wide approach focused on continuous improvement in all aspects of the business, aiming for long-term success through customer satisfaction.

Incremental Change

A gradual, step-by-step approach to change, focusing on small improvements or adjustments rather than radical shifts.

Offshoring

The practice of relocating a company's business process or production to a foreign country to reduce costs.