Globalization

question 233

Multiple Choice

Globalization

• A) has greatly improved living standards around the world.
• B) has significantly reduced living standards around the world.
• C) has opened doors to only a handful of markets.
• D) has greatly changed companies that hire people to sell products, but not companies that hire people to provide services.

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Definitions:

Production Technology

The methods, equipment, and techniques used in the production of goods and services, including advancements that can impact efficiency and output.

Flextime

A flexible work schedule that allows employees to alter their start and end times, offering a better work-life balance.

Work Schedules

The planned hours and days that employees are expected to work, including shifts, rotations, and flex-time arrangements.

Self-Directed Teams

Groups of employees who are given the autonomy to plan, execute, and monitor their tasks with minimal direct supervision.