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A manager chooses to ignore a rigorous decision-making process and select TV monitor A over monitor B because he trusts company A more than company B.If the decision he made was rational, which of the following is true?
Labor Costs
The total expenses incurred by employing labor including wages, salaries, benefits, and taxes, which are key components of the overall cost of production.
Minimum Wage
The lowest legal wage that employers are allowed to pay their workers, designed to protect labourers from exploitation.
Mom And Pop
Small, family-owned, and operated businesses, typically offering personalized service.
Chain Restaurants
Restaurants that are part of a brand or franchise, featuring standardized menu items and decor, and operated by a single company or franchisees across multiple locations.
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