Net Social Benefits Are Maximized When

question 39

Multiple Choice

Net social benefits are maximized when:

• A)marginal benefits equal marginal costs.
• B)marginal benefits are greater than marginal costs.
• C)marginal benefits are less than marginal costs.
• D)total benefits are equal to total costs.
• E)average benefits are marginal benefits are equal.

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Definitions:

360-Degree Feedback

A performance appraisal system where an employee is evaluated by feedback collected from their supervisors, peers, subordinates, and sometimes themselves.

Behavioural Competencies

The skills, knowledge, and personal attributes that are observable and measurable, which contribute to an individual's performance and success.

Suggestion System

A formal mechanism within an organization for soliciting ideas and improvements from employees.

360-Degree Feedback

A performance appraisal method that collects feedback on an individual from all directions: supervisors, peers, subordinates, and occasionally clients.