Employees Who Work in an Environment Geared for Excellence Are

question 14

True/False

Employees who work in an environment geared for excellence are more likely to take pride in their work,perform at high levels,and continually seek ways to improve patient care and customer service.

---

Definitions:

Labor

The work performed by humans that is used in the production of goods and services.

Diminishing Marginal Returns

An economic principle stating that as one factor of production increases while others remain constant, the incremental gains in output will eventually decrease.

Input

Resources such as labor, materials, and capital used in the production of goods and services.

Average Fixed Cost

The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.