In Practice, the "Freedom of Contract" Principle Meant That __________________

question 52

Multiple Choice

In practice, the "freedom of contract" principle meant that __________________.

• A) employers increased workers' wages as the cost of living increased
• B) employers could set pay as low as workers would accept
• C) wages automatically increased as profits increased
• D) employers recognized the right of workers to bargain collectively

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Definitions:

Core Processes

Essential business operations and activities that are critical for achieving an organization's goals and delivering value to its customers.

Process Re-Engineering

The fundamental rethink and radical redesign of business processes to achieve dramatic improvements in critical performance measures.

Process Re-Engineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance such as cost, service, and speed.

Systems Bottlenecks

refer to points of congestion in a system where the flow of processes is impaired, causing delays and inefficiencies.