In Industrial Settings,there Are Many Non-Economic Benefits to Be Derived

question 5

Multiple Choice

In industrial settings,there are many non-economic benefits to be derived for the company that runs an effective testing program.Which of the following is NOT one such benefit?

• A) increase in quality of workers' performance
• B) decrease in time to train workers
• C) reduction of work turnover
• D) decrease in worker bonuses

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Definitions:

Supply

The total amount of a product or service available for purchase at any given time in the market.

Hurricane

A tropical cyclone with winds exceeding 74 mph, typically characterized by rain, thunderstorms, and strong winds.

Inferior Good

A type of good for which demand decreases when consumer income rises, unlike normal goods, for which the opposite is observed.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.