Examlex
Which of the following describes third-party logistics company (3PL) ?
Labor Supplied
The total hours that workers are willing and able to work at a given wage rate in a certain period of time.
Job Experience
Refers to the skills and knowledge a person gains while working in a specific job or occupation over a period of time.
Average Wages
A measure of the average income earned by workers, calculated by dividing the total wage bill by the number of employees.
Compensating Differentials
Differences in wages that arise to offset the non-monetary characteristics of different jobs, such as risk or undesirable location.
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