Solved

Assume That You Have Developed Several Electronic Spreadsheets That Would

question 31

Multiple Choice

Assume that you have developed several electronic spreadsheets that would help small business managers to keep track of information about purchases that their customers made. Your spreadsheets would help track who bought what,when,in combination with what other products,etc. The knowledge gained from this data would help the small business do a better job of overall marketing. Now you need to raise money to start your business to develop and sell your electronic spreadsheets. However,you are concerned that since you must explain your spreadsheets in order to get someone to invest in your business,others will now know how your products works and might develop their own rather than invest in your business. Your concern represents

Recognize the impact of social media and the internet on organizational human relations.

Acknowledge the historical use of human relations techniques to influence worker perceptions and attitudes toward unions.

Understand the concept of inflation and its impact on different socioeconomic groups.

Comprehend the definitions and implications of various employment statuses, including full employment and unemployment types.

Definitions:

Ethics Competency

The ability to recognize ethical issues, make ethical decisions, and incorporate ethical behavior into one's professional practice.

Worker Turnover

The rate at which employees leave a workforce and are replaced by new hires.

Apparel Industry

A sector of the economy that designs, manufactures, and sells clothing, footwear, and accessories.

Production Costs

The total expenses incurred in the process of producing goods or services, including materials, labor, and overhead costs.