Arbitrage

question 160

Multiple Choice

Arbitrage

• A)is the act of buying an item at a low price and reselling the item at a higher price.
• B)is the act of selling an item on consignment and collecting a huge portion of the proceeds to compensate for the seller's time.
• C)is the act of buying an item at a low price, bundling it with another and selling the new package at a much higher price.
• D)is any act of buying and selling that results in the seller earning an above normal profit.

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Definitions:

Wage-Incentive Plans

Compensation strategies designed to motivate employees by linking a portion of their pay directly to their performance, productivity, or efficiency.

Standard Time

The established duration within which a task or operation should be completed, often used in productivity measurement and workforce planning.

Worker Performance Ratings

Evaluations that measure the effectiveness and efficiency of an employee's work output and quality.

Worker Fatigue

Physical or mental exhaustion experienced by workers, which can reduce efficiency, productivity, and safety in the workplace.