_____ Is a Process That Empowers Employees to Improve Decision

question 46

Multiple Choice

_____ is a process that empowers employees to improve decision making, problem solving, and interpersonal skills in order to achieve business results when working in groups.

• A) Employee empowerment program
• B) Career development program
• C) Succession planning
• D) Team training
• E) Mentorship

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Definitions:

Comparative Advantage

The skill of any individual, enterprise, or country in producing a certain good or service with a lesser opportunity cost than that of their competitors.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing an action.

Production Possibilities

The various combinations of goods and services that can be produced in an economy with a given set of resources and technology.

Absolute Advantage

A situation where a producer can produce more goods using the same amount of resources or less than other producers.