Which One of the Following Is a Soft Benefit

question 70

Multiple Choice

Which one of the following is a soft benefit?

• A)Decreased time to receive and process customers' payments
• B)Enhanced reputation of the company
• C)Depreciation tax shield
• D)Reduction in the number of items spoiled during processing

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Definitions:

Substitution Effect

The economic principle that as prices rise or incomes decrease, consumers will replace more expensive items with less costly alternatives.

Real Wages

Real wages refer to the purchasing power of wages, taking into account inflation, showing the quantity of goods and services that can be bought.

Legal Minimum Wage

The lowest hourly, daily, or monthly remuneration that employers are legally allowed to pay workers.

Equilibrium Wage Rate

The wage rate at which the quantity of labor supplied is equal to the quantity of labor demanded in the market.