The Extra Cost That Results from an Extra Unit of an Activity

question 131

Multiple Choice

The extra cost that results from an extra unit of an activity is the

• A) marginal benefit.
• B) marginal surplus.
• C) marginal cost.
• D) reservation cost.
• E) same as the opportunity cost.

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Definitions:

Performance

The act of executing and completing tasks effectively, often measured against preset standards of accuracy, completeness, cost, and speed.

Turnover Intentions

The inclination or intention of employees to leave their current job or organization.

Organizational Commitment

The psychological attachment and loyalty an employee has towards their organization, influencing their willingness to contribute to organizational goals.

Job Satisfaction

The extent to which employees feel content with their jobs, including aspects such as work tasks, environment, and relationships with coworkers and supervisors.