In Recent Years,many Manufacturing Firms in Canada Have Laid Off

question 160

Multiple Choice

In recent years,many manufacturing firms in Canada have laid off workers.The best explanation of this trend is that:

• A)firms have been trying to weaken unions by reducing their reliance on labour.
• B)workers in Canada have become less productive and are no longer able to compete in the global economy.
• C)the rising Canadian dollar and increasing global competition.
• D)the economy has been in a prolonged recession/depression that has lasted more than a decade.

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Definitions:

Understocking

The condition where the inventory levels are too low, risking stockouts, lost sales, and dissatisfied customers.

Demand Mean

The average demand over a specified period of time.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion in a set of numerical data, indicating how spread out the data points are from the mean.

Souvenirs

Items purchased or acquired to serve as a reminder of a particular place, event, or experience, often during travels.