Which of the Following Statements Is True

question 90

Multiple Choice

Which of the following statements is true?

• A)Firms ultimately demand labor in order to make profits.
• B)Firms demand labor for the tax deduction.
• C)Labor supply shows how the quantity of labor changes with changes in working conditions.
• D)People supply labor for the enjoyment of it.
• E)As everyone must supply labor by necessity, labor demand is all that really counts in the labor market.

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Definitions:

Balanced Scorecard

A strategic planning and management system used by organizations to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.

Company Outcomes

Refers to the results or consequences of a company's strategies and operations, including financial performance, market share, and customer satisfaction.

Strategy

It is a plan of action designed to achieve a long-term or overall goal.

Operating Assets

Assets required for a company to conduct its daily business operations, including property, plant, and equipment, but excluding investments and non-operational assets.