Kelly Is an Architect,and She Is Trying to Decide Whether

question 48

Multiple Choice

Kelly is an architect,and she is trying to decide whether to hire Mike,a draftsman,to assist with her work.Kelly could hire Mike at $20 per hour,but it would take him three times as long to complete a task as it takes Kelly.Kelly is able to earn $90 per hour and has more architectural jobs than she is able to handle.Which of the following is true?

• A) Kelly should not hire Mike because it would be faster for her to do the work herself.
• B) Kelly should do the drafting work herself because she has the lower opportunity cost.
• C) Mike should be hired at the $20 per hour wage rate.
• D) Mike should be hired, but only if he is paid more than $30 per hour.
• E) Kelly should hire someone who earns minimum wage instead of Mike.

Recognize the role of deindustrialization and economic theory in shaping the American economy and workforce.

Understand the enhancements and efficiencies that technology introduces to HR processes.

Recognize the various digital platforms and service models used in HR, including HRIS, ERP, and self-service systems.

Identify the roles and benefits of outsourcing HR functions and the types of activities that can be outsourced.

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Definitions:

Estimates

Approximations or predictions of unknown values based on available data.

Treatments

In experimental design, interventions applied to different groups in a study to observe their effects on outcomes.

Levels

Distinct values or categories that an experimental or categorical variable can take in research or statistical analysis.

Observations

Data or measurements collected during a study or research.