Which of the Following Is Correct

question 30

Multiple Choice

Which of the following is correct?

• A)Studies of the effects of the minimum wage typically find that a 10 percent increase in the minimum wage raises the average wage of teenagers by 10 percent.
• B)The drop in teenage employment caused by a 10 percent increase in the minimum wage is not significant.
• C)The minimum wage is more often binding for teenagers than for other members of the labor force.
• D)All firms consistently enforce minimum-wage laws.

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Definitions:

Competitive Advantage

An attribute or set of attributes that allows an organization to outperform its competitors, often leading to greater market share or profitability.

Organisational Change

The process by which organizations transform their structure, strategies, operational methods, or culture to cope with internal and external challenges.

Innovation

The act of introducing something new, such as an idea, method, or device, that is designed to improve efficiency, effectiveness, or competitive advantage.

Learning Organisations

Organizations that actively cultivate, facilitate, and encourage the continuous learning and development of their members to adapt and innovate.