The Physical Environment in Which Employees Work May Affect the Quality

question 76

True/False

The physical environment in which employees work may affect the quality of work life, but it does not affect their performance and safety.

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Definitions:

Recession

A period of time during which overall gross domestic product (GDP) declines for two or more consecutive quarters.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, eroding purchasing power over time.

Environmental Scanning

The process of collecting, analyzing, and using information about trends, events, and relationships in an organization's external environment to assist in planning.

Firm's Control

The extent to which a business can influence or dictate its operational environment, including internal processes and external market conditions.