Managers Focus on Making Efficient Use of Their Organization's Human

question 18

True/False

Managers focus on making efficient use of their organization's human resources, but leave decisions about the efficient use of other resources such as buildings, machinery, and supplies to engineers and accountants.

---

Definitions:

Destabilize

To cause a system, situation, or environment to become unstable or out of balance.

Economy

The large set of interrelated production, consumption, and exchange activities that aid in determining how scarce resources are allocated.

Full-Employment

Full-employment refers to the level of employment rates where there is no cyclical or deficient-demand unemployment, essentially meaning that everyone who wants to work and is able to work can find employment at the current wage rates.

Real GDP

Is the inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, providing a more accurate depiction of an economy’s size and growth rate.