The Efficiency Wage Is

question 56

Multiple Choice

The efficiency wage is:

• A) a wage at which there is no unemployment, and shirking workers are not counted in the pool of total labor.
• B) a wage at which there is a positive amount of unemployment. Individuals who are fired for shirking will be penalized with a period of unemployment.
• C) a wage at which there is a shortage of labor. Firms who fire a worker for shirking will be able to hire another one easily.
• D) the wage that is paid to high-quality, non-shirking workers. Other workers are paid the market-clearing wage.
• E) the wage that subtracts the cost of shirking from the market-clearing wage to determine that which is really paid.

Understand the role of tone and style in business writing and how they affect message delivery.

Realize the importance of using strong, precise, and concrete words to enhance clarity and effectiveness in communication.

Evaluate messages for various elements (word choice, sentence effectiveness, paragraph coherence) excluding multimedia enhancements.

Understand the distinction between abstract and concrete terms.

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Definitions:

Distribution

In statistics, the way in which values of a variable or frequencies of occurrence are spread out over a range.

Earnings

The amount of money that an individual or business receives in exchange for providing a good or service or through investing capital.

Sorority

A sorority is a social organization at colleges and universities primarily for female students, often characterized by a system of values, sisterhood, and philanthropic activities.

Normal Curve

A symmetrical bell-shaped curve that represents the distribution of many types of data in statistics.