In Order to Get the Most Employee Satisfaction from Benefits

question 25

Multiple Choice

In order to get the most employee satisfaction from benefits, HR professionals should:

• A) communicate qualities of existing benefits to employees
• B) conduct employee surveys
• C) allow the employees to select their own benefits
• D) allow employees input into benefit design
• E) all of the above

Comprehend the breadth of activities encompassed by production, including the making of both tangible and intangible products.

Grasp the concept of the transformation process in operations management and its significance in converting inputs into valuable outputs.

Recognize the roles and responsibilities of operations management in organizations.

Identify the similarities and differences between goods and services in the context of operations management.

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Definitions:

Industrial Regulation

The older and more traditional type of regulation in which government is concerned with the prices charged and the services provided to the public in specific industries. Differs from social regulation.

Monopolization

The process or state where a single company achieves dominant control over an entire market, minimizing competition.

Celler-Kefauver Act

The federal law of 1950 that amended the Clayton Act by prohibiting the acquisition of the assets of one firm by another firm when the effect would be less competition.

Vertical Mergers

Mergers between companies that operate at different stages of the production processes in the same industry, intended to increase efficiencies or capture more of the supply chain.