Explain the Primary Source of Recent Cuts to the Number

question 59

Multiple Choice

Explain the primary source of recent cuts to the number and pay of American blue-collar manufacturing jobs.

• A)Many such jobs have been outsourced to East Asia, where production costs are low.
• B)American manufacturing jobs wax and wane with bubbles in the financial industry.
• C)Blue-collar workers have traditionally depended on manufacturing industries, now in decline due to technological innovations.
• D)More and more jobs are rendered obsolete with increases in computerized and robotic manufacturing.

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Definitions:

Sunk Costs

Costs that have already been incurred and cannot be recovered or altered by future actions or decisions.

Opportunity Cost

Opportunity cost represents the benefit that is missed or given up when choosing one option over another, an important concept in decision-making.

Tactical Decision

Short-term choices made by an organization, often in response to immediate challenges, that are aimed at implementing strategies effectively.

Qualitative Factors

Non-numerical elements that influence business decisions, like brand reputation or customer satisfaction.