Which of the Following Could Decrease Labour Demand

question 162

Multiple Choice

Which of the following could decrease labour demand?

• A)an increase in migrant workers
• B)a decrease in demand for the final product produced by labour
• C)a decrease in the labour supply
• D)an increase in the marginal productivity of workers

Gain insight into the reasons and implications of currency valuation policies.

Understand and apply the process of journalizing transactions in various business scenarios.

Identify and correct common errors in journal entries and trial balances.

Prepare trial balances and understand their role in the accounting cycle.

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Definitions:

Employer

An individual or entity that hires and pays for the services of workers.

Employees

Individuals who are hired by a firm or organization to perform specific tasks and duties in exchange for compensation.

Market Pay Policy

A compensation strategy based on the prevailing wage rates within an industry or geographic location for similar jobs, aiming to attract and retain talent by offering competitive salaries.

Job Evaluation

The systematic process of determining the relative worth of jobs within an organization to establish fair compensation levels.