Wages for Workers Producing IPods and Similar Products Will Rise

question 165

Multiple Choice

Wages for workers producing iPods and similar products will rise next year. Walkman Watch asks you to predict the effect of this change in next yearʹs market for iPods. You predict that the major effect will be that the

• A) demand curve for an iPod will shift rightward.
• B) supply curve for an iPod will shift rightward.
• C) supply curve for an iPod will shift leftward.
• D) demand curve for an iPod will shift leftward.

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Definitions:

Flextime

A flexible working schedule that allows employees to choose their work hours within agreed limits.

Organizational Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business or institution.

Self-Directed Team

A group of employees who are given the autonomy to manage their work and make decisions about how to achieve their goals, often without direct supervision.

Quality Improvement Team

A group of employees from various departments who are brought together to discuss and find solutions for specific quality issues within an organization.