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NEW QUESTION: 1
If a firm increases employment of all its factors of production by 50% and as a result output increases by 60%, it has experienced
A. External economies of scale
B. The benefits of the division of labor
C. Increasing returns to scale
D. Increasing productivity of labor
Answer: C

NEW QUESTION: 2

Answer:
Explanation:
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NEW QUESTION: 3
Which of the following is false concerning job motivation?
A. Increased planning and decision making in a job is a positive motivator only if accompanied by a salary increase.
B. Poor working conditions create dissatisfaction with the job.
C. Poor interpersonal relations create dissatisfaction with the job.
D. Recognition of achievement motivates performance.
Answer: A
Explanation:
Frederick Herzberg's two-factor theory of human behavior postulates that there are two classes of factors in the job situation. Maintenance of hygiene factors dissatisfiers) are those the presence of which will not especially motivate people but the absence of which will diminish performance. These factors are extrinsic to the work itself. They include supervision, working conditions, interpersonal relations, salary, and status. Motivational factors (satisfiers) are those the absence of which will not diminish performance but the addition or availability of which will motivate employees. Intrinsic to the work itself, these include achievement, recognition, challenging work, advancement, growth in the job, and responsibility. Thus, increased planning and decision making enrich the job and serve toincrease satisfaction and motivation. A pay increase is not necessary to achieve this positive effect, but a perceived inadequacy of compensation would act as a dissatisfier.