_____ Have the Right to Expect a Good Return or Reward

question 63

Multiple Choice

_____ have the right to expect a good return or reward by investing their human capital to improve a company's performance.

• A) Customers
• B) Entrepreneurs
• C) Suppliers
• D) Distributors
• E) Managers

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Definitions:

Labor Supply

The total hours that workers are willing and able to work at a given wage rate, in a given time period.

Labor Demand

The total amount of workers that employers are willing and able to hire at a given wage rate within an economy.

Compensating Differentials

Wage differentials that arise to compensate workers for the desirability or undesirability of a job's characteristics.

Job Characteristics

Encompass the attributes, roles, responsibilities, and overall environment of a particular job that influence the job holder's motivation and satisfaction levels.