Individuals Who Are Both Satisfied with and Committed to an Organization

question 147

True/False

Individuals who are both satisfied with and committed to an organization are more likely to stay with it and accept the challenges that it presents than are individuals who are less satisfied and committed.

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Definitions:

Profit Maximization

The process by which a firm determines the price and output level that returns the greatest profit.

Minimize Cost

The process of finding ways to use the smallest amount of resources or incur the lowest cost in producing goods or services.

Corporation

A legal entity that is separate from its owners, providing limited liability protection to its shareholders.

Sole Proprietorship

A company that is both owned and run by one person, where the law does not separate the owner from the entity itself.