Optimal Decisions Are Made at the Point Where Marginal Cost

question 5

True/False

Optimal decisions are made at the point where marginal cost equals zero.

---

Definitions:

Laissez-faire Leadership

A leadership style characterized by minimal supervision, where leaders delegate decision-making power to their subordinates.

Contingent Punishments

Refers to the penalties or sanctions that are applied only if specific conditions are met or rules are violated.

Task Motivation

The drive and determination to complete a specific task or to achieve a particular objective.

Empower Followers

The process of granting authority and fostering autonomy in followers to build their confidence and capability to act independently.