Which of the Following Statements Is True

question 62

Multiple Choice

Which of the following statements is true?

• A) All else being equal, the incentive to look for a job is higher for an individual with a lower opportunity cost of time.
• B) All else being equal, the incentive to look for a job is lower for an individual with a lower opportunity cost of time.
• C) All else being equal, a worker who earned a higher income previously but is now unemployed will have a lower opportunity cost of time than someone who had a lower income but is now unemployed.
• D) All else being equal, a worker who earned a higher income previously but is now unemployed will have the same opportunity cost of time as someone who had a lower income but is now unemployed.

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Definitions:

Flexibility

The quality of being adaptable to change or capable of modifying one's approach as per the situation's demands.

Full-Time Employees

Workers who are employed for the full number of hours defined as full time by their employer and receive full employment benefits.

Network Organizations

A type of organizational structure where companies or departments are connected and share resources through digital technology for improved efficiency and flexibility.

Support Functions

Activities and operations within an organization that provide essential services to core business practices, such as HR, IT, and finance.