On Which of the Following Problems Would an OB Study

question 66

Multiple Choice

On which of the following problems would an OB study be least likely to focus ?

• A) an increase in absenteeism at a certain company
• B) a fall in productivity in one shift of a manufacturing plant
• C) a decrease in sales due to growing foreign competition
• D) an increase in theft by employees at a retail store
• E) excessive turnover in volunteer workers at a non-profit organization

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Definitions:

Capital Goods

Long-term assets such as machinery, buildings, and equipment purchased by businesses to produce goods and services.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs, assuming full and efficient utilization of resources.

Opportunity Cost

The exclusion of favorable outcomes from different choices upon selecting one option.

Increasing Opportunity Cost

A scenario where choosing more of one option increasingly limits the ability to choose other options, demonstrating the trade-offs in resource allocation.