Sectoral Shifts

question 43

Multiple Choice

Sectoral shifts:

• A)lead to wage rigidity.
• B)explain the payment of efficiency wages.
• C)depend on the level of the minimum wage.
• D)make frictional unemployment inevitable.

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Definitions:

Personnel Management

A new type of management function, grew from the recognition that human resources needed to be managed.

Government Regulations

The laws and rules established by governmental bodies that dictate how businesses can operate, aimed at protecting consumers, employees, and the environment.

Behavioral Issues

Behavioral issues refer to actions or patterns of conduct in individuals that are disruptive, harmful, or outside of societal norms.

Knowledge Workers

Individuals whose primary job involves handling or using information and knowledge, often requiring analytical skills and expertise in specific fields.