A Country Faced Severe Recession That Resulted in Loss of Jobs

question 141

Multiple Choice

A country faced severe recession that resulted in loss of jobs and low income levels, which in turn affected the lifestyles of the consumers. Which of the following conditions are influencing the environment of the country?

• A) political conditions
• B) legal conditions
• C) technological conditions
• D) socio-cultural conditions
• E) economic conditions

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Definitions:

Scientific Management Theory

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.

Bureaucratic Organization

A structure characterized by strict procedures, a hierarchy of authority, and a clear division of labor.

Individual Productivity

The rate or efficiency at which an individual can complete tasks and achieve goals.

Maslow's Hierarchy

A theory of human motivation proposed by Abraham Maslow, which is often depicted as a pyramid with five levels of needs, from basic physiological needs to self-actualization at the top.