According to SBA Guidelines, a Manufacturing Firm with 1,000 Employees

question 168

Multiple Choice

According to SBA guidelines, a manufacturing firm with 1,000 employees

• A) would be classified as a large firm in the industrial sector.
• B) may be classified as a small business depending upon the size of others in the same industry.
• C) is too small to achieve the efficiencies of large-scale production.
• D) is classified as an S corporation.

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Definitions:

Mainstream Model

A widely accepted or conventional theory, method, or practice within a particular field or industry.

Institutional Labor Economics

A field of economics that studies labor markets and employment relationships, focusing on the roles of institutions like unions, regulations, and policies.

Perfectly Efficient

Describes a hypothetical state where resources are allocated in the most effective way possible, with no waste.

Unhealthy HR Practices

entails human resource strategies and actions that negatively impact employee well-being, morale, or legal rights, often leading to a toxic work environment.