Refer to the Scenario Below to Answer the Following Questions

question 97

Multiple Choice

Refer to the scenario below to answer the following questions.
Value Chain Management (Scenario)
Randy is the new strategic manager for Solutions Tech Inc., a management consulting firm dedicated to assisting small businesses in the pursuit of success. He is currently in a meeting with Rob, who is the owner of a successful small business that creates computer displays for large-scale production facilities. Randy is reviewing the business strategy at Rob's business and has some recommendations.
-Randy tells Rob that an effective hiring process is important to value chain management because flexible jobs __________.

• A) require highly experienced and knowledgeable employees
• B) require flexible people to fill them
• C) require a diverse group of highly specialized employees
• D) are difficult to fill in today's competitive labour environment
• E) require employees with multi-tasking capabilities

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Definitions:

Corporate Income Taxes

Taxes imposed on the net income of corporations, calculated after deductions for costs, depreciation, and interest.

Elasticity

A general concept measuring the responsiveness of one variable to changes in another variable.

Efficiency Loss

The loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.

Marginal Tax Rate

The tax rate paid on an additional dollar of income.