A Developing Nation May Not Experience an Increase in the Average

question 167

Multiple Choice

A developing nation may not experience an increase in the average standard of living even if it increases its output of goods and services because of

• A) land reform.
• B) population growth.
• C) underemployment and disguised unemployment.
• D) capital-saving technology.

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Definitions:

High-Performance Work System

An organizational approach designed to enhance employee effectiveness and productivity through improved job design, training, management practices, and rewards.

Reward Systems

Frameworks within organizations designed to recognize and compensate employees' achievements, contributions, and performance.

High-Performance Work Systems

A set of management practices designed to enhance employee skills, commitment, and productivity in a way that leads to improved competitiveness and success of an organization.

Sales Revenues

The total income generated from the sale of goods or services before any expenses are subtracted.