When Are Employees Said to Be Empowered

question 29

Multiple Choice

When are employees said to be empowered?

• A) When employees practice job specialization
• B) When employees experience self-reinforcement
• C) When employees engage in positive self-talk
• D) When employees experience freedom and discretion
• E) When employees work in a centralized system

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Definitions:

ATC

Stands for Average Total Cost, which is the cost per unit of output, calculated by dividing the total cost by the quantity produced.

Average Total Cost

The sum of all production costs divided by the quantity of output produced, synonymous with the cost per unit including all variable and fixed costs.

Long-run Equilibrium

A state in which all factors of production and costs are variable, and firms in the industry make just enough profit to stay in business.

Short-run Profits

Short-run profits occur when a company's revenue exceeds its operating costs within a particular, relatively brief period.