Changes in Technology Require Changes in Values

question 5

True/False

Changes in technology require changes in values.

Recognize how cultural differences can impact the expectancy model's assumptions.

Identify examples of communication and ethic competencies in the workplace.

Understand Herzberg's motivator-hygiene model and its focus on job satisfaction.

Examine ethical decision-making in organizational settings.

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Definitions:

Retained Earnings

The portion of a company's profits not distributed to shareholders as dividends but instead reinvested in the business or kept as reserve.

Expected Costs

The forecasted amount of expenses that will be incurred as a result of a certain action or decision.

Interest Rates

The cost of borrowing money or the return on investment, typically expressed as a percentage.

Present Value

The contemporary valuation of a future amount of money or cash flow sequence, based on an identified rate of return.