Choose the Statement That Is Incorrect

question 8

Multiple Choice

Choose the statement that is incorrect.

• A)Labour services are the physical and mental work effort that people supply to produce goods and services.
• B)A labour market is a collection of people and firms who trade labour services.
• C)The price of labour services is the wage rate.
• D)Most labour services are traded on a contract, called a job.
• E)All labour markets are competitive.

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Definitions:

360-Degree Feedback

A comprehensive feedback system where an employee receives confidential, anonymous feedback from the people who work around them, including peers, managers, and direct reports.

Performance Evaluation

The systematic assessment of an individual's work performance, typically conducted periodically to determine areas of strength and areas needing improvement.

Project Staff

Individuals assigned to work on a specific project, contributing their expertise and skills towards achieving the project's objectives.

Attitude Object

A target of an individual's attitudes, which can be anything a person has an opinion or belief about, such as a physical object, a concept, or a person.