Which Would Cause SA Firms to Think About Cutting Back

question 16

Multiple Choice

Which would cause SA firms to think about cutting back production?

• A)A fall in real wages.
• B)Improvement in the South African economy.
• C)Build-up of stock levels.
• D)Ease of credit controls.

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Definitions:

Optimism

A mental attitude characterized by hope and confidence in success and positive outcomes.

Satisficing

A decision-making strategy that aims for a satisfactory or adequate solution rather than the optimal one.

Work Schedule

The planned hours and days that an employee is expected to work within a given period.

Evaluates

The process of assessing or determining the value, significance, or condition of something, often for the purpose of making decisions or drawing conclusions.