Which of the Following Would Decrease the Demand for Labor

question 132

Multiple Choice

Which of the following would decrease the demand for labor?
(i) a decrease in the output price
(ii) an increase in the output price
(iii) a labor-saving technological advance
(iv) a labor-augmenting technological advance

• A)(i) only
• B)(i) and (iii) only
• C)(ii) only
• D)(ii) and (iv) only

Identify the key components of the expectancy theory and how it predicts employee motivation.

Understand the distinction between hygiene factors and motivators as per Herzberg's two-factor theory.

Grasp the concept of job enrichment and its critical psychological states as per the Hackman-Oldham model.

Understand the distinction between descriptive and inferential statistics.

---

Definitions:

Net Income

The final earnings of a company once expenses and taxes are subtracted from the total revenue.

Operating Activities

Transactions and events that relate to the primary operations of the company, including revenue and expense activities.

Cash Flows

The cash that is moving into and out of a business, representing its operating, investing, and financing activities over a specific period.

Ending Inventory

The worth of products ready for purchase at the conclusion of a financial period.