In the Labour Market, an Increase in Labour Productivity ________

question 65

Multiple Choice

In the labour market, an increase in labour productivity ________ the real wage rate and ________ the level of employment.

• A)raises; increases
• B)raises; decreases
• C)lowers; increases
• D)lowers; decreases
• E)raises; does not change

Understand the impact of globalization on organizational structure and strategy.

Appreciate the role of high-performance work systems in enhancing organizational productivity.

Analyze the relationship between organizational strategies/goals and organizational structure/design.

Understand various methods of performance appraisal and common errors in performance measurement.

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Definitions:

Aging Schedule

A table or report that displays the balances owed to a company by its customers, broken down into categories based on the length of time the invoices have been outstanding.

Average Collection Period

The average collection period is the amount of time it takes for a business to receive payments owed by its clients in relation to its accounts receivable.

Accounts Receivable Balance

Accounts receivable balance is the total amount of money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Payment Collections

The process of gathering payments or receivables from clients or customers.