A Slump in One Industry Could Increase the Relative Attractiveness

question 142

Multiple Choice

A slump in one industry could increase the relative attractiveness of another industry:

• A) increasing the quantity of labor supplied in the latter.
• B) decreasing the quantity of labor supplied in the latter.
• C) increasing the quantity of labor demanded in the latter.
• D) decreasing the quantity of labor demanded in the latter.

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Definitions:

T-Account Close

The process of transferring the balances of temporary accounts to a permanent account at the end of an accounting period to prepare for a new period.

Benjamin Franklin Close

A sales technique that encourages a customer to make a decision by listing pros and cons of purchasing a product or service, akin to Benjamin Franklin's decision-making method.

Assumptive Close

A sales technique where the salesperson assumes that the prospect has decided to purchase and moves forward with finalizing the sale.