It should be noted that In the classical approaches to management, proponents of the Human Relations approach argued that managers should stress primarily employee welfare, motivation, and communication.
<h3>What is Human Relations management?</h3>
Human Relations management theory can be regarded as premise of organizational psychology which explains that an employer can employee productivity and motivation by positive social bonds.
Therefore, Human Relations support managers to be stressing primarily employee welfare and motivation.
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<span>These are monopoly market structures. This is where the person or company selling items does not face competition and is the only person or company selling the items with no competitor that has a close substitute. This is an imperfect kind of competition.</span>
The qualification certification and credentialing personnel are all part of the comprehensive resource management of NIMS
<h3>What is the meaning of nims management?</h3>
NIMS means the National Incident Management System.
The management system ensures that the government, nongovernmental organizations and private sector work together to prevent, protect and respond to incidents.
However, the qualification certification and credentialing personnel are all part of the comprehensive resource management of NIMS.
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Answer: C) total surplus is maximized.
Explanation:
Total surplus refers to the sum of both the producer and the consumer surplus.
When allocation of resources is efficient, it means that the total surplus is maximised because the price that is being charged is the same as the equilibrium price that is required.
At this point, all participants in the market will be better off which means both producers and consumers will be better off.
