Piecemeal Productivity Improvements Are Not Useful as a Turnaround Strategy

question 84

True/False

Piecemeal productivity improvements are not useful as a turnaround strategy because they are not cumulative.

---

Definitions:

Elasticity of Labor Demand

A measure of how sensitive the quantity of labor demanded by employers is to a change in the wage rate.

Minimum-Wage Laws

Legislation that sets the lowest hourly wage that employers can legally pay their workers, intended to protect workers from exploitation.

Labor Supply

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

Supplemental Nutrition

Programs or interventions designed to provide additional nutritional support, especially to vulnerable groups such as children, the elderly, or low-income families.