Which of the Following Is NOT an Example of Ways

question 68

Multiple Choice

Which of the following is NOT an example of ways in which microeconomic analysis can help Toyota Motor Corporation its in corporate decision making?

• A) Forecasting demand for new automobiles
• B) Determining how many automobiles to produce in order to maximize profits
• C) Predicting how competitors will react to the firm's pricing strategy
• D) Forecasting the effect of Toyota's hiring patterns on the U.S. unemployment rate
• E) Forecasting the effect of an oil price increase on demand for hybrid autos

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Definitions:

Skill Variety

The degree to which a job requires a variety of different activities that involve the use of a number of different skills and talents of the person performing the job.

Motivation

Motivation refers to the processes that account for an individual's intensity, direction, and persistence of effort toward attaining a goal.

Compressed Workweeks

Are arrangements in which the employee works the required number of hours (typically 40) but does so in fewer than 5 days. For example, a 4-day, 10-hour-a-day work schedule is fairly common.

Flexible Work Hour Plans

Are plans in which employees usually must still work 40 hours per week and typically 5 days a week but in which they have control over the starting and ending times for work on each day.