A Monopoly May Breed Inefficiency by Reducing Competition and Restricting

question 138

True/False

A monopoly may breed inefficiency by reducing competition and restricting production.

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Definitions:

Management-by-objectives

A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.

Computer Monitoring

The practice of using software tools to track employees' computer usage and productivity at work.

Performance-appraisal Methods

Techniques used by organizations to assess employees' job performance, including methods like 360-degree feedback, self-assessment, and objective-based evaluations.

Graphic Rating Scales

A method of performance evaluation that uses a visual scale to measure an employee’s effectiveness, productivity, and work qualities.