All of the Following Are Assumptions of Both Market and Public-Sector

question 29

Multiple Choice

All of the following are assumptions of both market and public-sector decision making EXCEPT

• A) Decisions are based on majority rule.
• B) Decisions are motivated by individuals' self-interest.
• C) Opportunity costs exist in decisions.
• D) Choices reflect incentives faced by decision makers.

Evaluate strategies for enhancing workplace productivity and morale through communication.

Understand the implications of social media on employee behavior and workplace productivity.

Describe the concept and effectiveness of 360-degree feedback systems.

Examine the factors critical to perceived fairness in organizational communication.

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Definitions:

Marginal Analysis

An examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.

Insignificant Benefits

Benefits or advantages that are too small or unimportant to make a noticeable difference.

Opportunity Costs

The advantages or gains a person, investor, or company forgoes by selecting one option instead of another.

Economic Resources

Resources required for the production of goods and services, including labor, capital, land, and entrepreneurship.