Which of the Following Is a Characteristic of the Old

question 124

Multiple Choice

Which of the following is a characteristic of the old economy?

• A)Job opportunities were for knowledge workers.
• B)Business accepted its social responsibilities.
• C)The economy was driven by large corporations.
• D)Customer needs drove business.

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Definitions:

Organization's Value

The core principles, beliefs, and philosophies that guide a company's operations and define its brand identity.

Costs

The amount of money required for the production, acquisition, or completion of goods or services.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee in exchange for work performed.

Reward System

A reward system is a structured plan to provide benefits, both monetary and non-monetary, to employees for their work achievements and performance.