A Group of Ten People Assembled to Do Volunteer Work

question 49

Multiple Choice

A group of ten people assembled to do volunteer work for Habitat for Humanity.Cohesiveness was high from the start because they all wanted to be there,helping others,and making a big difference in the lives of a family.Cohesiveness was high due to

• A) agreement on goals.
• B) personal attraction.
• C) intergroup competition.
• D) interaction.
• E) favorable evaluation.

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Definitions:

Labor Supply

The total hours that workers are willing and able to work at a given wage rate in a given period of time.

Maximize Profits

The process by which a firm chooses its production level and pricing strategy to earn the highest possible profit based on its costs and market demand.

Productivity

An indicator of production effectiveness typically expressed as the proportion of products generated to the resources used in creating them.

Output

The amount of goods or services produced by a company, industry, or economy within a particular period.