Small Businesses Are Known for Developing Several Innovations

question 68

Multiple Choice

Small businesses are known for developing several innovations. In the 21st century ______ (is) are an innovation which has/have been developed by a small business.

• A) personal computers
• B) soft contact lenses
• C) social networking
• D) the airplane

Grasp the concept of team process and its significance in achieving team effectiveness.

Understand the relationship between team process, team diversity, and team effectiveness.

Identify the resources and supports needed for effective team functioning.

Comprehend the role of leadership and information resources in enhancing team effectiveness.

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Definitions:

NLRA

The National Labor Relations Act, a foundational U.S. law enacted in 1935 to protect the rights of employees and employers, to encourage collective bargaining, and to curtail certain private sector labor and management practices.

Competitive Markets

Markets characterized by numerous buyers and sellers such that no single participant has the market power to influence the prices of products or services.

Supply of Labor

The total number of potential workers available to perform work in an economy, determined by factors like demographics, labor market conditions, and immigration policies.

Unions

Organizations that represent the collective interests of workers, bargaining with employers on their behalf for better wages, working conditions, and benefits.