The efficiency wage hypothesis holds that:
A. there is increased willingness to reduce the size of the workforce, to outsource jobs overseas, and to restrict pay to control the costs of wages, salaries, and benefits.
B. unless an employee can produce a value equal to the value received in wages, it will not be worthwhile to hire that worker.
C. there is payment of wage premiums by some employers to attract the best talent available and to enhance productivity in order to offset any increase in labor costs.
D. there is less concern with pay position relative to that of competitors and more concern with what a company can afford.
Answer: C
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Balancing a work cell is done:
A) before the work cell equipment is sequenced. B) as part of the process of building an efficient work cell. C) before takt time is calculated. D) so that each assembly line workstation has exactly the same amount of work. E) to minimize the total movement in a process layout.
Fulton and Sons, Inc. presently leases a copy machine under an agreement that calls for a fixed fee each month and a charge for each copy made. Fulton made 7,000 copies and paid a total of $360 in March; in May, the firm paid $280 for 5,000 copies. The company uses the high-low method to analyze costs.Fulton's variable cost per copy is:
A. $0.053. B. $0.040. C. $0.051. D. $0.056. E. None of the answers is correct.
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Indicate whether the statement is true or false
Benefits of EDI include implementing security, audit, and control procedures.
Answer the following statement true (T) or false (F)