Most of the Tools Used by Top Decision-Makers in the Private-Sector

question 43

True/False

Most of the tools used by top decision-makers in the private-sector corporate world are based upon the central assumption of profit maximization

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Definitions:

Electronic Cash Registers

These are devices used by retailers to calculate and record sales transactions, manage inventory, and handle cash. They have largely been replaced or augmented by more sophisticated point-of-sale systems.

Deskilling

The process through which skilled labor within an industry or economy is eliminated by new technologies or the simplification of tasks.

Postindustrialism

A stage of economic development in which the service sector generates more wealth than the manufacturing sector of the economy.

Multinational Corporations

Large companies that operate in several countries around the world and often play a significant role in globalization and the economy.