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Use the following to answer questions:
Matching
Select from the following list of terms to match the description with the best answer.Some terms may be used more than once or not at all.
-AOL

Understand the concept and functions of management, including planning, leadership, and decision-making.
Recognize the significance and components of management education and development programs.
Identify the roles and skills effective managers need to perform their functions effectively.
Comprehend the importance and methods of experiential learning in management development.

Definitions:

Labour Market

A marketplace where employers find workers and workers find jobs; it is characterized by supply and demand for labor.

Globalisation

The worldwide interdependence of resource flows, product markets, and business competition.

Outsourcing

Is a decision to allow one or more of a company’s value chain activities to be performed by onshore independent specialist companies that focus all their skills and knowledge on just one kind of activity.

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