Performance

question 12

Multiple Choice

Performance

• A)is the likelihood behavior an individual will initiate and continue exhibiting.
• B)involves making judgments about the adequacy of behavior with respect to certain criteria such as organizational goals.
• C)concerns those behaviors directed toward the organization's goals resulting from those behaviors.
• D)describes choosing a task to engage in establishing the level of effort to put forth on it and determining the degree of persistence in it over time.

---

Definitions:

Price Maker

is an entity that has control over the price of the goods or services it provides, often due to a lack of competition.

Marginal Cost

The cost incurred by producing one additional unit of a product or service, a crucial concept for optimizing production and determining pricing.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, which is engaged in the production and distribution of goods or services.

Profit-Maximizing

The process or strategy of adjusting production and sale levels to achieve the highest possible profit with the given resources and market conditions.