Each of the Following Factors Might Interfere with the Efficiency

question 20

Multiple Choice

Each of the following factors might interfere with the efficiency of perfect competition except:

• A)increasing returns to scale.
• B)imperfect price information.
• C)externalities.
• D)diminishing returns to scale.

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Definitions:

Perquisite

A benefit or privilege granted to an employee in addition to their regular salary or wages, often referred to as a "perk."

Point System

The point system for job evaluation requires managers to quantify, in objective terms, the value of the various elements of specific jobs.

Life-Cycle Benefits

Benefits and support provided by an employer that address different stages of an employee's life, such as childcare, education support, and retirement planning.

Child-Care

Services and support for the care of children, especially those provided during the working day, facilitating parents or guardians to undertake employment or other activities.