The Process by Which Organizational Members Are Able to Increase

question 26

Multiple Choice

The process by which organizational members are able to increase their sense of power and personal control in the work environment is

• A) the power corollary.
• B) power building.
• C) formal power development.
• D) empowerment.

---

Definitions:

Long Run

A time frame in economics where all factors of production can be varied, allowing for full adjustment to changes.

Marginal Revenue

The enhanced earnings a business receives by selling one more unit of its goods or services.

Marginal Cost

The swell in overall financial outlay resulting from the crafting of an extra unit of a good or service.

Profit-Maximization

A business objective to achieve the highest possible profit through managing revenues and expenses, often central to the decisions made by firms.