Which Statement Best Describes the Skills of Contract Labour Workers

question 97

Multiple Choice

Which statement best describes the skills of contract labour workers?

• A) Their skills are not directly related to company strategy.
• B) They have firm-specific skills directly related to company strategy.
• C) They have skills that are valuable but not unique.
• D) Their skills are available to all firms.

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Definitions:

Net Income

The amount of money a company earns after all expenses and taxes have been subtracted from its total revenue.

Inventory Cost

The total cost incurred to procure, produce, and store inventory, including purchase price, production, and handling costs.

Gross Profit

the difference between revenue and the cost of goods sold before deducting overhead, payroll, taxation, and interest payments.

Cost Of Goods Sold

The immediate expenses directly related to creating a company's sold products, covering both labor and materials costs.