Consider the Following Statement: "Canadians on Average Are Worse Off

question 56

Multiple Choice

Consider the following statement: "Canadians on average are worse off when some manufacturing jobs migrate from Canada to low- wage countries in Central America." This statement is because _ .

• A)incorrect; the permanent gains to consumers from lower prices outweigh the temporary losses to the displaced manufacturing workers
• B)incorrect; there are no Canadians made worse off by such an event
• C)incorrect; low- wage countries do not produce manufactured goods
• D)correct; the loss of manufacturing jobs leads to permanent income losses in Canada
• E)correct; Canadian firms cannot compete with production in low- wage countries

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Definitions:

Operations

The day-to-day activities required for the running of a business or an organization, focused on producing goods and providing services efficiently and effectively.

Shareholders' Ability

Refers to the rights and powers of shareholders to influence company decisions and actions through their ownership stake.

3 P's

Stands for People, Planet, and Profits; a principle that suggests companies should balance financial gains with social and environmental considerations.

Organizational Performance

The analysis of a company's efficiency, effectiveness, and ability to achieve its goals, often measured via metrics such as profitability, market share, and productivity.