Which of the Following Statements Is TRUE About the Conditions

question 57

Multiple Choice

Which of the following statements is TRUE about the conditions of the global workplace?

• A)Because of Web-based translation programs, employees will not need to be fluent in multiple languages.
• B)Because there will be a larger pool of talented knowledge workers, workers with average skills may lose jobs.
• C)Because of Internet-enabled communication, interpersonal communication skills will become less important.
• D)Because the workplace will be more diverse, employees will be expected to work harder to maintain their own cultural identities.

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Definitions:

Utility Maximization

The process by which individuals choose consumption combinations that maximize their satisfaction or utility under given constraints.

Income

The financial gain or money received by an individual or entity, usually through employment, investment, or business ventures.

Consumer Equilibrium

Consumer Equilibrium is the state at which the allocation of goods and services by a consumer ensures the maximum utility given their budget constraints.

Utility Maximization

An economic principle that suggests individuals seek to achieve the highest satisfaction possible with their available resources.