You Have Been Asked to Provide Some Element of Rationale

question 39

Multiple Choice

You have been asked to provide some element of rationale why some companies using a human relations strategy sometimes attempt to change to a more classical framework.Which statement would best describe the most important issue associated with your explanation?

• A) It is simply very hard on management to pursue a human relations strategy.
• B) There is pressure from owners to increase profitability.
• C) Companies fail to react fast enough to changes in the environment.
• D) Greater worker mobility makes a human relations strategy obsolete.

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Definitions:

Labor-Capital Ratio

The ratio of labor inputs (workforce numbers or hours worked) to capital inputs (machinery, buildings, and technology) in production processes.

Capital Stock

The total amount of physical and financial assets owned by a business or country, including buildings, machinery, equipment, and shares.

Labor Productivity

The measure of economic performance that compares the amount of goods and services produced with the number of labor hours used to produce them.

Per-Worker Production Function

A mathematical function that represents output per worker as a function of capital per worker or other inputs.