A Satisfied Workforce Does Not Guarantee Successful Organizational Performance

question 55

Multiple Choice

A satisfied workforce does not guarantee successful organizational performance. In order to improve organizational effectiveness, managers ________.

• A) must try to improve employee attitudes
• B) must provide classroom training
• C) must make jobs easier and targets achievable
• D) must offer periodic salary increments
• E) must use 360 degrees appraisal procedures

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Definitions:

Socialist

An advocate or supporter of socialism, a political and economic theory advocating for the ownership and control of the means of production by the community as a whole.

Price Mechanism

The process by which prices rise or fall as a result of changes in supply and demand, guiding the allocation of resources in a market economy.

Competing Firms

Businesses that operate in the same market, offering similar products or services, and vie for the same consumer base.

External Benefit

A benefit gained by individuals or society that is not reflected in market transactions, often associated with positive externalities.