Which of the Following Is NOT a Benefit of Business

question 12

Multiple Choice

Which of the following is NOT a benefit of business competition?

• A) It may lead to a wider variety of goods and services.
• B) It may lead to higher quality goods and services.
• C) It may lead to a limited variety of goods and services.
• D) It may lead to cheaper goods and services.
• E) It may lead to decreased customer satisfaction.

Understand the causes of skills shortages in the domestic workforce within the context of the U.S. economy.

Identify the drawbacks and challenges associated with virtual workforce arrangements.

Comprehend the concept, benefits, and functioning of virtual workforces.

Analyze the importance of HR policies and practices in shaping company cultures.

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Definitions:

Variance

A measure of the distribution of data points in a data set around the mean, indicating how spread out the data points are.

Z-score

A statistical measure representing the number of standard deviations a data point is from the mean of its data set, used in standardizing scores for comparison.

Probability Sampling

Sampling based on random selection of the sample units.

Convenience Sampling

Sampling based on convenience to the researcher.