Empowered Employees and Virtual Workplaces Fall into the ________ Category

question 90

Multiple Choice

Empowered employees and virtual workplaces fall into the ________ category of challenges facing managers.

• A)changing security threats
• B)increased competitiveness
• C)changing technology
• D)emphasis on managerial ethics

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Definitions:

Equilibrium

A state in which market supply and demand balance each other, resulting in stable prices and quantities.

Efficient

Refers to a level of performance that uses the least amount of inputs to achieve the highest amount of output.

Utility Possibilities Frontier

A curve that shows the maximum feasible amount of two goods that can be produced with available resources and technology, indicating the trade-offs and efficiency in production.

Utility

In economics, utility refers to the satisfaction or pleasure derived by consumers from consuming goods or services.