If a Business Fails to Meet Its Responsibilities to Its

question 249

Multiple Choice

If a business fails to meet its responsibilities to its employees, which of the following is likely to occur?

• A) There is reduced employee turnover.
• B) Employees believe it is easier to get ahead.
• C) More jobs are created.
• D) Employees do the minimum needed to get by.

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Definitions:

Deregulation

The removal of most or even all of the government regulation and laws designed to supervise an industry. Sometimes undertaken to combat regulatory capture.

Economists

Experts or professionals who study, develop, and apply theories and concepts in economics to analyze how societies utilize scarce resources.

Monopoly

A market condition where a single firm has exclusive control over a product or service, eliminating competition.

Negative Externalities

Adverse effects suffered by a third party or the public as a result of an economic transaction or activity.