How Does a Virtual Organization Save on Costs

question 142

Multiple Choice

How does a virtual organization save on costs?

• A)by hiring people who specialize in what they do
• B)by hiring fewer people than they need and making them work much longer hours
• C)by eliminating all administrative duties
• D)by keeping only a small permanent staff for administrative purposes only

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Definitions:

Economic Environment

The combination of factors that influence economic activities and outcomes, including government policies, market dynamics, economic trends, and resources.

Job Security

The probability that an individual will keep their job; a job with a high level of security is such that the individual has a low risk of becoming unemployed.

Meaningful Work

Employment or activities that are perceived as having significance and purpose, positively contributing to personal or societal well-being.

Social Norms

Unwritten rules and expectations for behavior within a society or group, guiding members on how to act in typical situations.