Steve,a Production Manager at Winsfeld Inc

question 100

Multiple Choice

Steve,a production manager at Winsfeld Inc.,finds that productivity in the organization is low compared to the cost of labor.He plans to reduce labor costs by hiring highly skilled labor that results in greater productivity at lower costs.In the context of determining labor surplus and shortage,which of the following should Steve focus on to accomplish his goal?

• A) Conducting trend analysis
• B) Implementing propensity measures
• C) Employing workers with a core competency
• D) Implementing training methods
• E) Using leading indicators

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Definitions:

Mainstream Economics

The body of knowledge, models, and assumptions predominantly accepted and taught by economists and academic institutions around the world.

Employment Relationship

The formal or informal agreement between an employer and an employee that outlines the terms of employment, including duties, rights, and obligations.

Employee Voice

The way employees communicate their views, concerns, and suggestions about their work and the functioning of their organization to their employers.

Government Intervention

Refers to the actions taken by a government to influence or directly regulate various aspects of its economy, social affairs, or public policy.