XYZ Electronics Has Recently Switched to a Schedule in Which

question 18

Multiple Choice

XYZ Electronics has recently switched to a schedule in which employees work ten hour shifts four days a week,and then have a three day weekend.XYZ is using a:

• A)flextime system.
• B)compressed workweek.
• C)job rotation system.
• D)constrained workweek.

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Definitions:

Economic Profit

The difference between a firm's total revenues and its opportunity costs, representing the additional gain over what could have been earned in the next best alternative.

Normal Profit

The minimum level of earnings needed for a company to remain in business, often considered as the company's opportunity cost.

Break Even

The juncture where the aggregate of all costs matches the total income, leading to neither a profit nor a loss.

Short Run

A period of time during which at least one of a firm's inputs is fixed.