The Major Factor Increasing the Complexity of the Business Environment

question 30

Multiple Choice

The major factor increasing the complexity of the business environment is the:

• A)addition of competitors.
• B)globalization of markets.
• C)increased barriers to entry.
• D)reduced number of suppliers.
• E)increased number of suppliers

Understand the concept of job withdrawal, including its causes and manifestations.

Explain the role of external influences (such as family and supervisors) on job satisfaction.

Describe interventions to address job dissatisfaction.

Understand role conflict, overload, and ambiguity as sources of job dissatisfaction.

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Definitions:

Supply Chain

The entire network of organizations involved in creating and delivering a product or service, from raw materials to the end user.

Marginal Subcontracting Cost

The additional cost incurred by a company when it chooses to outsource work or production to a subcontractor instead of handling it internally.

Layoff Cost

Expenses incurred by a company when it dismisses employees, including severance pay, benefits continuation, and other related costs.

Hiring And Training Cost

The expenses associated with recruiting, hiring, and providing initial training for new employees.