Other Things Remaining the Same,which of the Following Is Likely

question 221

Multiple Choice

Other things remaining the same,which of the following is likely to happen if an industry introduces labor-complementary technology in production?

• A) There will be a rise in both the wage rate and the employment level in the industry.
• B) There will be a fall in both the wage rate and the employment level in the industry.
• C) There will be a fall in the wage rate and a rise in the employment level in the industry.
• D) There will be a rise in the wage rate and a fall in the employment level in the industry.

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Definitions:

Planning Responsibilities

Tasks and duties associated with the process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.

Managerial Delegation

The process by which managers assign tasks and authority to subordinates.

Job Scope

Refers to the range of responsibilities and tasks that a job entails, including the limits of the job holder’s authority.

Variety of Tasks

A range of different duties or activities that a person performs or is responsible for.