Once a Firm Makes a Major Investment in Capital Assets

question 7

True/False

Once a firm makes a major investment in capital assets, its ability to leave is reduced, as is its negotiation ability.

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Definitions:

Job Enrichment

A strategy used in organizational management to motivate employees by giving them more responsibilities and variety in their tasks.

Motivational Theory

A concept in psychology that seeks to explain what drives an individual's behavior through various forms of incentives or rewards.

Individual Differences

Individual differences describe the variation in cognitive, emotional, psychological, and physical attributes among people.

Overspecialized Work

Occurs when jobs or tasks are narrowly defined, limiting employees' scope of responsibilities and potentially hindering flexibility and growth.