Which of the Following Will Increase the Wage Rate

question 7

Multiple Choice

Which of the following will increase the wage rate?

• A) The price of the output produced by the workers increases.
• B) New technology increases the marginal product of labor.
• C) an increase in labor supply
• D) Both answers A and B are correct.

Identify negative work behaviors and their implications on the workplace environment.

Understand the principles and applications of 360-degree feedback in improving organizational performance.

Recognize different leadership styles and their impact on organizational culture and employee productivity.

Understand the role and techniques of personnel psychologists in enhancing organizational effectiveness.

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Definitions:

Maturity Stage

A phase in the life cycle of a product, business, or industry where growth stabilizes, and sales plateau, often leading to increased competition for market share.

Business Incubators

Entities structured to boost the development and prosperity of start-up businesses by offering a variety of business support tools and services.

Survival Rates

The percentage of individuals or entities that continue to exist after a certain period of time or through specific challenges.

Start-Ups

Newly established businesses often characterized by innovation and aimed at fulfilling a specific market need or niche.