Minimum Wage Laws

question 396

Multiple Choice

Minimum wage laws

• A)benefit all unskilled workers.
• B)create unemployment, but if demand is relatively elastic, the unemployment effects will be minor.
• C)may help the nonpoor, such as teenagers from wealthy families.
• D)reduce poverty by reducing unemployment.

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Definitions:

Functional Job-Analysis

A method used to identify and describe the tasks, duties, and responsibilities of a job.

Effective Performers

Individuals who consistently achieve their goals and make significant contributions to organizational success through high levels of productivity and quality of work.

Job-Related Items

Specific tasks or duties associated with a particular job, or elements that are directly connected to the performance of work in a given position.

Critical Incidents

In the context of HR and organizational behavior, these are significant actions or events that contribute decisively to an organization's success or failure.