How Does the Aging of the Population Pose a Threat

question 27

Multiple Choice

How does the aging of the population pose a threat to firms?

• A) Older people have limited purchasing power
• B) Delayed retirement keeps people in positions when they are no longer able to effectively do their jobs.
• C) It becomes more difficult for firms to hire and retain a workforce that meets their needs.
• D) Older and more experienced workers demand higher salaries, boosting production costs.

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Definitions:

Productivity Feedback

The process of providing information to individuals or teams about their performance effectiveness for the purpose of improving work output.

Negative Feedback

Constructive criticism or adverse information communicated to an individual or group to encourage improvement.

Force-Field Analysis

A management technique developed by Kurt Lewin used to plan and implement change, identifying all the factors for and against a decision.

Group Perceptions

Collective beliefs or opinions held by members of a group towards certain issues, events, or situations.