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People Grouped According to Economic or Social Class; Characterized by the Unequal

question 17

Multiple Choice

People grouped according to economic or social class; characterized by the unequal distribution of wealth, power, and prestige are referred to as a ______.

Identify and explain common biases and errors in performance evaluation.
Recognize the roles and characteristics of effective leadership and management styles.
Describe the process and benefits of 360-degree feedback in employee evaluation.
Explain the concept of employee engagement and its impact on workplace productivity.

Definitions:

Union Substitution

Strategies or practices implemented by an organization intending to make the formation of a labor union unnecessary by addressing worker needs directly.

Concession Bargaining

Negotiations where labor unions agree to give up previous benefits or wage increases to help a company reduce costs under economic pressure.

Globalization

The process by which businesses and other organizations develop international influence or start operating on an international scale.

Real Wages

Wages adjusted for inflation, reflecting the true purchasing power of the income received by workers.

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