Quantity or Quality Labor Shortages Can Mean Lost Business Opportunities

question 28

True/False

Quantity or quality labor shortages can mean lost business opportunities, scaled-back expansion plans, an inability to provide critical consumer goods and services, and even threats to organizational survival.

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Definitions:

Social Needs

The need for love, companionship, and friendship—the desire for acceptance by others.

Companionship

The feeling of fellowship or friendship provided by a companion or companions.

Herzberg's Two-factor Theory

A motivational theory that suggests employee satisfaction and dissatisfaction are influenced by two independent factors: hygiene factors and motivators.