Which of the Following Would Tend to Increase the Wage

question 140

Multiple Choice

Which of the following would tend to increase the wage of coal miners?

• A) new environmental laws that make it more costly for firms to use coal in their production process
• B) an increase in the price of oil, a substitute for coal
• C) a decrease in the demand for coal
• D) an increase in the supply of coal miners

Distinguish between the procurement cycle, manufacturing cycle, and replenishment cycle.

Identify and describe push and pull processes in the supply chain.

Understand the components and goals of a supply chain.

Recognize the macro processes within a supply chain: CRM, SRM, and ISCM.

---

Definitions:

Annual Inflation Rate

The percentage increase in the price of goods and services over a one-year period, reflecting the purchasing power of a currency.

Automobiles

Motor vehicles with four wheels designed primarily for passenger transportation on roads.

Simple Interest

Interest computed solely on the initial amount of a loan or deposit, not taking into account the effects of compounding.

Annual Raises

Incremental increases in salary or wages that employees receive on a yearly basis as a reward for performance and/or to keep up with inflation.