As a Manager, You Believe That a Happy Worker Is

question 370

Multiple Choice

As a manager, you believe that a happy worker is a productive worker, so you try to maintain good morale and labor relations. You are most concerned with

• A)work efficiency.
• B)psychological efficiency.
• C)scientific management.
• D)time-and-motion studies.

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Definitions:

Advertising

The action of calling attention to products, services, or ideas through paid announcements by an identified sponsor.

Oligopoly

An industrial configuration in which a small group of companies exercises significant authority over market pricing and competition.

Economies of Scale

The reduction in per-unit cost as the scale of production increases, leading to greater efficiency and lower costs for large-scale producers.

Foreign Competition

The presence and impact of competitors from other countries in a domestic market, often influencing prices, market shares, and industry standards.