Employers Have to Blend Competitive Challenges and Employee Concerns

question 64

Multiple Choice

Employers have to blend competitive challenges and employee concerns. Which of the following pairs these two aspects of management?

• A) globalization and technology
• B) technology and privacy issues
• C) job security and employee attitudes
• D) globalization and cost containment

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Definitions:

Efficient

Refers to an allocation of resources in which outputs are produced in the least costly way without wasting materials, energy, efforts, money, and time.

Market Prices

The current value at which an asset or service can be bought or sold in an open and competitive market.

Unexpected News

Information that comes without warning, often having a potential impact on market prices and investor decisions.

Efficient

Describes an economy, market, or decision-making process that effectively allocates resources and inputs in a way that maximizes output or returns with minimal waste.