Assume You Are in the Business of Producing and Selling

question 175

Multiple Choice

Assume you are in the business of producing and selling hamburgers. If you could produce more hamburgers with the same input what would happen to your productivity and profits assuming the price of your hamburgers remains the same?

• A) Increase in productivity, decrease in profits
• B) Increase in productivity, increase in profits
• C) Decrease in productivity, decrease in profits
• D) Decrease in productivity, increase in profits

Recognize the implications of treating human resources as strategic assets for achieving high organizational performance.

Understand the recruitment process, including job analysis, job descriptions, and the use of technology in recruiting.

Understand the concept and implications of sexual harassment in the workplace.

Comprehend the scope of the Canadian Human Rights Act regarding employment.

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Definitions:

Operating Activities

Transactions and events that relate to the primary operations of the company, including revenue and expense activities.

Fully Depreciated

A state where an asset has reached the end of its useful life for accounting purposes, with its cost fully allocated to depreciation expense over its useful life.

Common Stock

A form of corporate equity ownership, a type of security representing an ownership share in a corporation.

Cash Payments

Transactions where cash is exchanged for goods, services, or to settle an obligation.