Countries That Shift from a Manufacturing-Oriented Economy to a Service-Oriented

question 31

Multiple Choice

Countries that shift from a manufacturing-oriented economy to a service-oriented economy sometimes see their productivity growth decline over time.This phenomenon is called:

• A)​Service Shrink
• B)​Deming's Decline
• C)​State Utility
• D)​Baumol's Disease

---

Definitions:

Performance Appraisal

A formal evaluation process in which an employee's job performance is assessed, typically by their supervisor, against a set of established criteria.

Employee Orientation

A process for introducing new employees to their job roles, their coworkers, and the culture and policies of the workplace.

Training And Development

A process aimed at improving employees' skills and knowledge for better performance in their current or future job roles.

Retirement

The phase of life where an individual stops working full-time, typically associated with reaching a certain age or financial security.