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Table 11.1
Students from an organizational behavior class are studying group conflict and cooperation by observing the work of academic committees on their campus. They notice that some faculty seem to go out of their way to do things for their committee and committee members, yet have no hope of any type of return for these actions. Some student members of committees are doing more than is expected of them, even though they don't have to, and they frankly don't expect an return for their actions. These students have found that the committees treat them as peers, the faculty treat them fairly, and that they actually have a voice in the processes.
-Refer to Table 11.1. The behavior of some of the faculty is an example of:
Long-Run Scale
Refers to the time period in which all factors of production and costs are variable, allowing companies to adjust all inputs in response to market conditions.
Short-Run
A period in which at least one input is fixed, limiting the firm's capacity to adjust to changes in demand or market conditions.
Positive Profits
Financial gains that are greater than zero, indicating a company's revenues exceed its costs and expenses.
Variable Costs
Costs that change in proportion to the activity or volume of business, such as materials and labor.
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