The Economic Factor in Decision Making Requires the Decision Maker

question 108

Multiple Choice

The economic factor in decision making requires the decision maker to:

• A)maximize the economic benefit to the decision maker.
• B)maximize the economic benefit to the corporation or nonprofit entity.
• C)maximize the corporation's profits.
• D)minimize the corporation's costs.

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Definitions:

Supervisors

Individuals in an organization responsible for overseeing the work of employees and ensuring that the work is completed efficiently and effectively.

Decertification Election

A vote by employees to determine whether they wish to remove their current union as their representative in collective bargaining.

Employees

Individuals who are hired to perform specific duties and tasks in exchange for compensation from an employer.

Bargaining Units

Workers grouped together by similar interests, who have a single labor union represent them in collective negotiation talks.