The Operational Parameter Concerned with the Number of Workers/units of Capacity

question 81

Multiple Choice

The operational parameter concerned with the number of workers/units of capacity needed for production is

• A)production rate.
• B)workforce.
• C)overtime.
• D)backlog.

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Definitions:

Market

Any institution or mechanism that brings together buyers (demanders) and sellers (suppliers) of a particular good or service.

Majority Voting

A decision-making process where the choice that gathers more than half of the votes wins, commonly used in democratic elections and organizations.

Public Good

A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Total Benefits

The complete range of advantages or improvements gained from a product or service, often assessed in economic terms.