If Workers Suddenly Decide to Value More Their Leisure Time

question 95

Multiple Choice

If workers suddenly decide to value more their leisure time than before,this

• A) shifts the labor supply curve to the left, resulting in a wage increase and less workers hired.
• B) shifts the labor supply curve to the right, resulting in a wage increase and less workers hired.
• C) shifts the labor supply curve to the left, resulting in a wage decrease and less workers hired.
• D) shifts the labor supply curve to the right, resulting in a wage increase and more workers hired.

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Definitions:

Job Design

The method of structuring work through the organization of tasks, duties, and responsibilities to boost job satisfaction and improve performance.

Open-book Management

A management approach where business financial information is shared with all employees to engage them in operating the business.

Functional Management

The management of specific areas of responsibility within an organization, such as HR, finance, or sales.

Timely and Relevant Feedback

Timely and Relevant Feedback is feedback that is provided soon after the event, situation, or performance it relates to, and is directly related to the tasks or goals at hand.