Because the Cost of Labor Is So High Relative to Other

question 54

True/False

Because the cost of labor is so high relative to other operating expenses,containing this cost can have a large impact on a company's ability to compete on price.

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Definitions:

Cable

A thick, strong rope made of wires twisted together, used for various purposes including electrical transmission, mechanical load-bearing, or communication.

Passenger Compartment

The section of a vehicle intended for the seating and protection of passengers.

HVAC System

An acronym for heating, ventilation, and air conditioning system, which provides heating and cooling to residential and commercial buildings.

Dirt

Loose or packed soil or earth; in a mechanical context, it can refer to unwanted particulate matter that can cause wear or contamination.