In a Team Meeting, Simon, the Manager, Was Cheerful and Happy

question 187

Multiple Choice

In a team meeting, Simon, the manager, was cheerful and happy. Everyone in the room felt good, and the meeting seemed to conclude in no time at all. Which of the following best describes the situation?

• A) halo effect
• B) constructive stress
• C) personal wellness
• D) job involvement
• E) mood contagion

---

Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, a measure of producers' benefit.

Marginal Cost

The change in total cost that arises when the quantity produced is incremented by one unit, essentially the cost of producing one additional unit of a good or service.

Total Revenue

The total amount of money a firm receives from the sale of its goods and services, calculated as the price per unit times the number of units sold.

Marginal Cost

The cost of producing one additional unit of a good or service, representing the increase in total cost from an increase in production by one unit.