A Management Initiative Is Increasing the Amount of Discretion Individuals

question 15

Multiple Choice

A management initiative is increasing the amount of discretion individuals have to decide job activities and outcomes.Management is increasing _________.

• A) job range
• B) job depth
• C) task diversity
• D) task range

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Definitions:

Variable Input

An economic term describing a factor of production whose quantity can vary based on the level of output or production.

Marginal Revenue Product

The extra income produced through the use of an additional unit of an input, such as labor or capital.

Competitive Labor Market

A labor market where numerous businesses actively seek to hire workers, and numerous workers seek jobs, ensuring balanced job availability and wage rates based on skills and experience.

Wage Rate

The amount of compensation paid to employees for a unit of work or time, often expressed as an hourly rate.