Supervisors Must Recognize the Value of a Diverse Workforce and Their

question 31

True/False

Supervisors must recognize the value of a diverse workforce and their own need to become more adaptable to change.

---

Definitions:

Economic Efficiency

A condition in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

Market Supply Curve

A graphical representation that shows the quantity of goods that producers are willing and able to sell at various prices over a given period.

Marginal Opportunity Cost

By deciding on one route, one foregoes the possible advantages that other routes could have offered.