Managers Have to Find Ways to Empower Employees and Encourage

question 118

Multiple Choice

Managers have to find ways to empower employees and encourage their participation and involvement to more fully utilize human capital because:

• A) They are figured as part of training costs.
• B) Firms are moving away from team-based structures.
• C) Employee skills often go unused.
• D) Knowledge exchange is the best method of human capital development.

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Definitions:

Duopoly

A market structure dominated by two firms, each having significant control over the market price and influencing competition dynamics.

Nash Equilibrium

A concept in game theory where no participant can gain by changing strategies if the other participants' strategies remain unchanged.

Diagram

A basic illustration that depicts the look, framework, or function of something through a schematic outline.

Collude

Collude means to cooperate with others, usually in secret, especially with competitors to achieve a deceitful purpose, like fixing market prices.