Which of the Following Is an Advantage to a Firm

question 211

Multiple Choice

Which of the following is an advantage to a firm with increasing productivity?

• A) Machine breakdowns will be less likely.
• B) Raw materials will decline in price.
• C) The firm can afford to pay workers higher wages without raising prices.
• D) Workers will not want to unionize.
• E) The standard of living of its employees will fall.

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Definitions:

Recognition

The action or process of acknowledging someone's achievements, status, or rights.

Tolerance

Tolerance is the willingness to accept and permit beliefs or behaviors that one might disagree with, without imposing one's own views.

Risk Taking

The act of undertaking actions that involve uncertainty or potential loss, with the expectation of achieving gain or growth.

Compensation

The total amount of the financial and non-financial pay offered to an employee by an employer in return for work performed as required.