The Global Economy Has Reduced Prices to the Point Where

question 51

True/False

The global economy has reduced prices to the point where most low-paid workers in Third World factories can afford the stereos and TV sets they help manufacture.

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Definitions:

Employee Motivation

The level of energy, commitment, and creativity that a company's workers bring to their jobs.

Scientific Management

A management theory that analyzes and synthesizes workflows, improving labor productivity by scientifically studying job tasks.

Job Enrichment

A method of motivating employees by providing them with variety in their tasks and opportunities for growth and responsibility.

Job Specialization

The process of focusing one's work and skill development on a specific area of expertise to increase efficiency and productivity.