Contemporary Business in Global Market
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Questions and Answers

What is a key trend in workforce management mentioned in the text?

  • High turnover rate due to lack of recognition
  • Lifetime job security and loyalty
  • Staff management focusing on HR exclusively
  • Outsourcing project management and contracting (correct)
  • What is emphasized as a characteristic of a contemporary business manager?

  • Strict control over employees
  • Absence of a vision for the company
  • Lack of motivation
  • Creativity and critical-thinking skills (correct)
  • Why is having strong ethics and social responsibility crucial for a business according to the text?

  • To reduce customer relationships
  • To encourage employee theft
  • To avoid public image problems and lawsuits (correct)
  • To limit societal involvement
  • What is highlighted as a key factor affecting businesses in the text?

    <p>Developing ongoing relationships with customers for mutual benefit</p> Signup and view all the answers

    What is the primary message conveyed regarding the changing nature of work in the text?

    <p>Shift from labor-intensive manufacturing to knowledge-based technologies</p> Signup and view all the answers

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