Which of the Below Is Not Considered a Challenge Facing

question 1

Multiple Choice

Which of the below is not considered a challenge facing most managers today?

• A)Managerial decisions must be made quickly
• B)Strategic decisions need to be made by applying analysis techniques
• C)Artificial intelligence is required by all managers to be successful
• D)Managerial decisions require large amounts of information to analyze

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Definitions:

Frictional Unemployment

A form of temporary unemployment that occurs when workers are between jobs or are searching for new jobs that better match their skills.

Efficiency Wages

Wages set by employers above the market equilibrium to increase productivity and reduce employee turnover.

Natural Rate

Refers often to the natural rate of unemployment where the economy is in equilibrium, or the natural rate of interest that corresponds to the equilibrium in the loanable funds market.

Structural Unemployment

Unemployment that stems from changes in industrial structures, primarily driven by technological progress, rather than by shifts in supply or demand levels.