Which Trend Has the Following Potential Business Impact? Demand for Personnel

question 32

Multiple Choice

Which trend has the following potential business impact? Demand for personnel in distant countries will increase the need for foreign language training, employee incentives suited to other cultures, and many other aspects of performing business globally.

• A) The global economy is becoming more integrated
• B) Pace of technological innovation is increasing
• C) The growth in information industries is creating a knowledge-dependent global society
• D) The economy and society are dominated by technology

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Definitions:

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Demand Curve

A visual chart that displays how the demand for a product varies with its price.

Determinants

Factors that cause changes in the behavior of an economic variable, influencing outcomes in economic models and systems.

Quantity Demanded

The total quantity of a product or service that buyers are prepared and capable of buying at a specific price point.