A Higher Wage Could Result in a Lower Labor Cost

question 150

Multiple Choice

A higher wage could result in a lower labor cost per unit of output than a lower wage if the higher wage

• A) is accompanied by an offsetting decline in fringe benefits.
• B) increases supervision costs.
• C) reduces job turnover.
• D) increases worker absenteeism.

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Definitions:

External Recruitment Sources

Channels or methods used to find job candidates from outside the organization, such as job boards, recruitment agencies, or school career services.

Work Permit

Official permission allowing an individual to work in a particular place or occupation, especially if they are not citizens of the country.

Work Certificate

A document provided by an employer certifying an employee's job title, duties, and period of employment.

Foreign Individual

A person who comes from or resides in a different country than the one being referred to.