Tom's Job Changed and He Found Himself Moving from One

question 41

Multiple Choice

Tom's job changed and he found himself moving from one area of the bank to another area of the bank each month.Which of the following types of job design techniques best describes the way Tom's job is being designed?

• A) job simplification
• B) job rotation
• C) job enlargement
• D) job enrichment

Understand how changes in input prices affect firms' resource allocation decisions.

Analyze the relationship between labor demand and the marginal revenue product of labor.

Understand the concept of labor demand elasticity and how it responds to wage changes.

Identify the factors that affect the elasticity of resource demand, including substitutes and proportion of total costs.

---

Definitions:

Unemployed

The state of not having a job despite being able and willing to work, often used to measure the health of an economy.

Impersonal Forces

Broad and abstract societal, economic, or environmental factors that influence individual and collective behavior or events, often beyond personal control or influence.

Franklin D. Roosevelt's Brain Trust

A group of close advisors to President Franklin D. Roosevelt during his presidency, who helped develop the policies that became part of the New Deal.

Academic Lawyer

A legal scholar or attorney who focuses on scholarly research, teaching, and the publication of legal theories and analyses.