The Resource-Based View of Organizations States That People Are Valuable

question 65

Multiple Choice

The resource-based view of organizations states that people are valuable assets because their knowledge, skills, and abilities are rare and also because people are

• A) incorrigible.
• B) inimitable.
• C) accessible.
• D) adaptable.
• E) infallible.

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Definitions:

Illegal Immigrant Workers

refers to individuals who are employed in a country without the legal right to work there, often under exploitative conditions.

Hired

The process of engaging an individual's services for employment under agreed-upon terms and conditions.

Equilibrium Wage

The wage rate at which the quantity of labor supplied by workers equals the quantity of labor demanded by employers, resulting in a stable labor market.

Illegal Immigrants

Individuals who enter or reside in a country without legal permission or overstay their authorized period.