Managers contribute to increased average labor productivity in each of the following ways except by:
A. dealing with suppliers.
B. developing new products.
C. obtaining financing.
D. assigning workers to jobs.
Answer: B
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Which of the following nations spends more per person on healthcare?
A) Switzerland B) United Kingdom C) Germany D) None of the above nations spend more on healthcare.
Refer to Figure 2-1. Point C is
A) technically efficient. B) unattainable with current resources. C) inefficient in that not all resources are being used. D) is the equilibrium output combination.
Which of the following is a result of discrimination?
A. Two groups of workers earning different wages. B. Two groups of workers paid the same wage, but proportionally fewer of one group are employed. C. Equal pay and equal employment opportunities for two groups of workers with different productivities. D. No workers from a particular group are employed.
The theory which predicts that trade occurs because of differences in the availability of factor inputs across countries and the differences in the proportions in which the inputs are used in producing different products is called
A. the Heckscher-Ohlin theory. B. the theory of comparative advantage. C. the Stolper-Samuelson theory. D. the theory of factor price equalization.