Don Wants to Increase Output but the Labor Market Is

question 98

Multiple Choice

Don wants to increase output but the labor market is such that he cannot find more workers.Furthermore,he knows of no way to increase the productivity of current workers,no matter how motivated they might be.Probably one of the first changes he should consider involves __________.

• A) strategy
• B) structure
• C) technology
• D) people

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Definitions:

Contracts for Services

Agreements between parties where one agrees to provide a service to the other in exchange for compensation.

Sale of Land

The legal process involving the transfer of property rights in land from one party to another, typically through a deed.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, facilitating the uniformity and predictability of commercial activities across different states.

Common Law

A body of legal rules that have been made by judges as they issue rulings on cases, as opposed to rules and laws made by the legislature or in official statutes.