When the Employees Express Their Concern About Their Bonus Checks

question 83

Multiple Choice

When the employees express their concern about their bonus checks, which of the following types of forces of change is constraining Mr.Snyder?

• A) external force of change
• B) labor market force of change
• C) internal force of change
• D) social force of change

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Definitions:

Long-run Real Wages

The inflation-adjusted income received by workers, taking into account the purchasing power of their earnings over a long period.

Demand for Labor

The total amount of workforce or labor hours that employers in the economy are willing and able to hire at a given wage rate.

Supply of Labor

The total hours that workers wish to work at a given wage rate, reflecting how many people are available to work.

Nominal Wage

The amount of money received by a worker per unit of time (hour, day, etc.); money wage.