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What is the term used to describe the type of objectives in business economics that relate to the economic well-being and development of employees?
- a)Economic Objectives
- b)Social Objectives
- c)Human Objectives
- d)Global Objectives
Correct answer is option 'C'. Can you explain this answer?
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What is the term used to describe the type of objectives in business e...
Human Objectives in business economics relate to the economic well-being and development of employees. These objectives focus on providing fair remuneration, incentives, social and psychological satisfaction, and opportunities for growth and development to the workforce. Ensuring the well-being of employees is an essential aspect of human resource management within a business.
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What is the term used to describe the type of objectives in business e...
Understanding Human Objectives in Business Economics
Human objectives in business economics focus on the welfare and development of employees within an organization. These objectives are crucial for creating a motivated and productive workforce, ultimately contributing to the overall success of the business.
Key Components of Human Objectives
- Employee Well-Being: Human objectives prioritize the health, safety, and happiness of employees. This includes providing a safe working environment and ensuring work-life balance.
- Skill Development: Organizations invest in training and development programs to enhance employees' skills. This not only benefits individuals but also boosts organizational performance.
- Job Satisfaction: By fostering a positive workplace culture, businesses aim to increase job satisfaction. Satisfied employees are often more engaged, productive, and loyal.
- Fair Compensation: Ensuring fair wages and benefits is a core aspect of human objectives. Adequate compensation is vital for employee retention and motivation.
Importance of Human Objectives
- Enhanced Productivity: When employees feel valued and supported, their productivity tends to increase, leading to better organizational outcomes.
- Reduced Turnover Rates: A focus on human objectives helps in reducing employee turnover. Retaining skilled employees saves costs associated with hiring and training new staff.
- Positive Company Reputation: Companies that prioritize human objectives are often viewed favorably, attracting top talent and enhancing their brand image.
In conclusion, human objectives are essential in creating a sustainable and thriving workplace. They not only contribute to the employees' economic well-being but also align with the broader goals of the organization, making them a crucial aspect of business economics.
Human objectives in business economics focus on the welfare and development of employees within an organization. These objectives are crucial for creating a motivated and productive workforce, ultimately contributing to the overall success of the business.
Key Components of Human Objectives
- Employee Well-Being: Human objectives prioritize the health, safety, and happiness of employees. This includes providing a safe working environment and ensuring work-life balance.
- Skill Development: Organizations invest in training and development programs to enhance employees' skills. This not only benefits individuals but also boosts organizational performance.
- Job Satisfaction: By fostering a positive workplace culture, businesses aim to increase job satisfaction. Satisfied employees are often more engaged, productive, and loyal.
- Fair Compensation: Ensuring fair wages and benefits is a core aspect of human objectives. Adequate compensation is vital for employee retention and motivation.
Importance of Human Objectives
- Enhanced Productivity: When employees feel valued and supported, their productivity tends to increase, leading to better organizational outcomes.
- Reduced Turnover Rates: A focus on human objectives helps in reducing employee turnover. Retaining skilled employees saves costs associated with hiring and training new staff.
- Positive Company Reputation: Companies that prioritize human objectives are often viewed favorably, attracting top talent and enhancing their brand image.
In conclusion, human objectives are essential in creating a sustainable and thriving workplace. They not only contribute to the employees' economic well-being but also align with the broader goals of the organization, making them a crucial aspect of business economics.
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What is the term used to describe the type of objectives in business economics that relate to the economic well-being and development of employees?a)Economic Objectivesb)Social Objectivesc)Human Objectivesd)Global ObjectivesCorrect answer is option 'C'. Can you explain this answer?
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What is the term used to describe the type of objectives in business economics that relate to the economic well-being and development of employees?a)Economic Objectivesb)Social Objectivesc)Human Objectivesd)Global ObjectivesCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the term used to describe the type of objectives in business economics that relate to the economic well-being and development of employees?a)Economic Objectivesb)Social Objectivesc)Human Objectivesd)Global ObjectivesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the term used to describe the type of objectives in business economics that relate to the economic well-being and development of employees?a)Economic Objectivesb)Social Objectivesc)Human Objectivesd)Global ObjectivesCorrect answer is option 'C'. Can you explain this answer?.
What is the term used to describe the type of objectives in business economics that relate to the economic well-being and development of employees?a)Economic Objectivesb)Social Objectivesc)Human Objectivesd)Global ObjectivesCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the term used to describe the type of objectives in business economics that relate to the economic well-being and development of employees?a)Economic Objectivesb)Social Objectivesc)Human Objectivesd)Global ObjectivesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the term used to describe the type of objectives in business economics that relate to the economic well-being and development of employees?a)Economic Objectivesb)Social Objectivesc)Human Objectivesd)Global ObjectivesCorrect answer is option 'C'. Can you explain this answer?.
Solutions for What is the term used to describe the type of objectives in business economics that relate to the economic well-being and development of employees?a)Economic Objectivesb)Social Objectivesc)Human Objectivesd)Global ObjectivesCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com.
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