OB Studies the Behaviour Of

question 107

Multiple Choice

OB studies the behaviour of:

• A)individuals,groups and structures.
• B)groups,teams and departments.
• C)individuals,teams and organisations.
• D)groups,departments and organisations.

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Definitions:

Cost of Production

Refers to the total expenses incurred in the manufacture of goods or services, including raw materials, labor, and overhead costs.

Buyers' Utility

The satisfaction or benefit that consumers receive from purchasing and consuming goods and services.

Firm's Revenues

The total amount of money received by a company from its business activities, before any expenses are subtracted.

MU-to-P Ratio

The ratio of marginal utility (MU) to price (P), used in consumer choice theory to determine the optimal consumption bundle.