The Employees of a Firm Usually Dress Up for Work

question 17

Multiple Choice

The employees of a firm usually dress up for work and refer to each other as Mr. or Ms. They also respect each other's work environment by keeping office doors closed. In the context of the 7 S model of organizational alignment, which of the following is exemplified in this case?

• A)Skills
• B)Style
• C)Structure
• D)Systems

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Definitions:

Labor Market

The input/factor market in which households supply work for wages to firms that demand labor.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute cheaper goods for more expensive ones.

Wage Decrease

A reduction in the pay rate of a worker or a group of workers.

Labor Supply

The total hours that workers are willing and available to work at a given wage rate, within a specific labor market.