When an Employer Pays the Cost of Educating a Worker

question 128

Multiple Choice

When an employer pays the cost of educating a worker, it is likely that the employer

• A)is demonstrating altruistic motives.
• B)is pursuing some objective other than profit-maximization.
• C)hopes to recapture his investment in the form of increased labor productivity.
• D)receives reimbursement from the government for the cost of the education.

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Definitions:

Workforce

The collective group of individuals who work in an organization, industry, or economy.

Unemployment Relief

Government programs or measures designed to provide financial aid or jobs to individuals who are unemployed.

Surplus Food

Food production that exceeds the immediate consumption needs of the population, which can be stored or distributed as needed.

Joblessness

The state of being without employment, often measured as an unemployment rate within an economy.