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Tom Fender Has Worked for a Small Chemical Manufacturing Company

question 63

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Tom Fender has worked for a small chemical manufacturing company for the past 10 years.Of late,he and the other workers have developed minor respiratory problems.They confronted management demanding proper ventilation at the factory because inhaling chemical fumes continuously could prove fatal.When management did not respond to their demands,they threatened to sue the company under the _____.


Definitions:

APS

Stands for Aggregate Planning Strategies, techniques used in business to match supply and demand by adjusting production rates, labor levels, and inventory.

MPC

The marginal propensity to consume, which is the proportion of any additional income that is spent on consumption rather than being saved.

MPS

Marginal Propensity to Save, which measures the proportion of additional income that households save rather than spend on consumption.

APS

The Average Propensity to Save, which is the proportion of income that households save rather than consume.

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