Why Have Managers Had to Find Ways to Empower Employees

question 82

Multiple Choice

Why have managers had to find ways to empower employees and encourage their participation and involvement to more fully utilize human capital?

• A) because these empowering methods are figured as part of training costs
• B) because firms are moving away from team-based structures
• C) because employee skills often go unused
• D) because knowledge exchange is the best method of human capital development

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Definitions:

Price Change

The variation in the selling price of goods and services over a period of time, influenced by factors such as supply and demand, production costs, and market competition.

Inelastic Supply

describes a situation where the quantity supplied of a good is not significantly affected by changes in price.

Quantity Supplied

The total amount of a product that producers are willing and able to sell at a given price over a specified period.

Price Rise

An increase in the general level of prices for goods or services over a period of time.