What Does It Mean If a Person Makes a "Decision

question 91

Multiple Choice

What does it mean if a person makes a "decision at the margin"?

• A) The person compares additional benefits and additional costs when deciding what to do.
• B) The person weighs the good against the bad and then decides what to do.
• C) The person is more likely to say yes than to say no.
• D) The person compares marginal benefits and total costs and then decides what to do.
• E) The person makes a decision based on a condition.

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Definitions:

Administrative Efficiency

The effectiveness with which administrative tasks and processes are carried out, minimizing waste and maximizing productivity.

Employee Leasing

A practice where businesses hire their workers through a third party, which is responsible for all HR functions including payroll and benefits.

Traditional Office

A standard workplace setting characterized by individual offices or cubicles, fixed work hours, and in-person collaboration among employees.

Managerial Occupations

Roles or jobs within an organization that involve directing and overseeing the work of other employees.