Which of the Following Is NOT Associated with Workers in Low-Cost

question 96

Multiple Choice

Which of the following is NOT associated with workers in low-cost manufacturing countries?

• A)Workers lack adequate supervision needed to produce safe,high-quality products.
• B)Workers lack the training needed to produce safe,high-quality products.
• C)Workers are often under pressure to meet stringent output and time deadlines.
• D)Workers are not affected by differences in cultural attitudes.

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Definitions:

Economic Profit

The discrepancy between overall income and the sum of all expenses, covering both direct and indirect costs.

Profit-maximizing

The process or strategy of adjusting production and sales to achieve the highest possible profit levels under given conditions.

Elasticity

An indicator of the extent to which the demand or supply of a product or service shifts when there is a variation in its price.

Labor Demand

Labor demand represents the quantity of workers that employers are willing and able to hire at a given wage rate in a certain period.