Which of the following is an assumption of economic theories of labour markets?

A. There is a huge advantage for a single employer to pay above the market rate.
B. Employers are not always interested in maximizing profits.
C. There is a huge advantage for a single employer to pay below the market rate.
D. People are homogenous and therefore interchangeable.
E. Pay rates reflect only the base wage associated with employment.


Answer: D

Business

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The service quality model suggests that:

A) quality of services is determined by customer perceptions. B) standardized methodologies are needed to measure the quality of services. C) service quality is costlier than manufactured products' quality. D) there are numerous stages in the quality measurement of services.

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Explain four significant benefits a company can enjoy by ensuring its customers are delighted

What will be an ideal response?

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Individual judgment is ______in its ability to be rational because decision-makers often must deal with incomplete information about the problem, the decision criteria, and even their own preferences.

A. bounded B. unbounded C. weighted D. satisficed

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Career counseling involves speaking with employees about all of the following EXCEPT

A. their current job activities and performance. B. their past career decisions. C. their personal and career interests and goals. D. their personal skills.

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