Despite the Popular Perception of Flexibility as a Powerful Business

question 28

True/False

Despite the popular perception of flexibility as a powerful business tool that can improve important human capital outcomes and boost operational performance,studies have shown that flexibility has to be essentially positioned as a "perk," employee-friendly benefit,or advocacy cause.

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Definitions:

Inflation

The growth rate of general prices for goods and services, which sequentially leads to a reduction in the ability to make purchases.

Unemployment

The situation when individuals who are capable of working and are actively seeking work are unable to find employment.

Marginal

Pertaining to small changes or differences in a firm's output or in the amount of a product consumed, often related to decisions about whether to increase or reduce production or consumption.

Trade-off

A trade-off involves a sacrifice that must be made to obtain a certain product, service, or experience, understanding that choosing one option usually means forgoing another.