All of the Following Are Reasons Why the Wages of Workers

question 3

Multiple Choice

All of the following are reasons why the wages of workers and the prices of inputs rise more slowly than the prices of final goods and services except

• A)unions are successful in pushing up wages.
• B)firms are often slow to adjust wages.
• C)contracts make prices and wages sticky.
• D)menu costs make some prices sticky.

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Definitions:

Equipment Utilization

A measure of how effectively a manufacturing or production facility's equipment is being used, often expressed as a percentage.

Postponement Strategy

A supply chain management tactic that delays the final production or distribution of a product until customer demand is known, to reduce inventory costs and increase customization.

Service Productivity

A measure of the efficiency and effectiveness of a service operation, often assessed by the output produced relative to the input used.

Hybrid Process

A production method that combines elements of both batch and continuous processing to improve efficiency and flexibility.