If 40,000 Worker-Hours Produced a Total Output of $600,000 in an Economy

question 108

Multiple Choice

If 40,000 worker-hours produced a total output of $600,000 in an economy, then the labor productivity is

• A) $10/worker-hour.
• B) $15/worker-hour.
• C) $24/worker-hour.
• D) $240/worker-hour.

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Definitions:

Grapevine

An organization’s informal communication network.

Information Filtering

The process of screening and selecting relevant information from a large volume of data or choices, often using algorithms or manual criteria.

Specialized Language

Technical or industry-specific language used among professionals in a particular field, enhancing precision but possibly hindering communication with outsiders.

Mum Effect

is the tendency to avoid communicating unfavorable news or feedback due to fear of the recipient's reaction or to avoid conflict.