Use the Following Figure to Answer the Questions

question 38

Multiple Choice

Use the following figure to answer the questions : Figure9.8

-In response to changing inventories in Figure 9.8,if the economy produces at full employment of $400 billion,firms will attempt to

• A)Lower production rates and hire more workers.
• B)Lower production rates and lay off workers.
• C)Raise production rates and hire more workers.
• D)Raise production rates and lay off workers.

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Definitions:

Employee Participation

The involvement of employees in decision-making processes, planning, and aspects of their work environment to improve commitment and productivity.

Combined Payment Plan

A payment strategy that combines different methods or periods of payments into one structured plan.

Total Compensation

The complete package of salary, benefits, bonuses, and other financial and non-financial rewards provided to employees in return for their work.

Strategic Basis

The foundational approach or rationale underlying the formulation of strategies within an organization or project.