Professor Tamara Erickson Says That Members of Different Generations Bring

question 59

Multiple Choice

Professor Tamara Erickson says that members of different generations bring different experiences,assumptions,and benefits to the workforce.She believes companies can gain a great deal from creating a culture that welcomes workers of all ages and in which leaders address biases.This is an example of which segments of the general environment?

• A) economic
• B) demographic
• C) sociocultural
• D) political and legal

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Definitions:

Optimal R&D

The ideal level of spending on research and development that maximizes an organization's returns or benefits.

Oligopolists

Firms or entities that operate in an oligopoly, a market structure characterized by a small number of sellers that dominate the market.

R&D

Stands for Research and Development, which refers to investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the actual profitability of a company beyond just its accounting profits.