Examlex
Suppose management wants to keep capacity fixed but level demand to provide timely service and maintain high capacity utilization. What are the methods for accomplishing this goal?
Minimum Wage
The lowest hourly, daily, or monthly remuneration that employers may legally pay to workers.
Structural Unemployment
Unemployment caused by changes in the industrial makeup of an economy or technological innovations that render certain job skills obsolete.
Equilibrium Wage
The pay rate where the amount of work offered matches the amount of work required.
Union Membership
The state of being a member of a labor union, which is an organization that represents the collective interests of workers.
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