If Nominal Wages Cannot Be Cut, Then the Only Way

question 69

Multiple Choice

If nominal wages cannot be cut, then the only way to cut real wages is by:

• A)inflation.
• B)unions.
• C)legislation.
• D)productivity increases.

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Definitions:

Deming

Pertains to W. Edwards Deming, an American engineer, statistician, professor, author, lecturer, and management consultant known for his work in quality management and process improvement.

Commitment

Refers to an individual's dedication and loyalty to a cause, activity, or organization, often manifesting in persistence and effort.

Strategies

Plans or methods created to achieve a specific goal or overcome a problem.

Quality-By-Inspection

An approach to quality management where products or services are examined individually after they are completed, to ensure they meet certain standards or requirements.