Suppose That All Workers Value a Safe Job $2,000/year More

question 51

Multiple Choice

Suppose that all workers value a safe job $2,000/year more than a risky job.The cost of safety is $700 per worker.Firms currently pay $35,000 per year to workers,without any effort to improve safety.
Suppose new firms began to offer workers $34,000 per year and safe jobs.The total cost of hiring a worker to the existing firms is __________ and to the new firms it is __________.

• A)$35,700;$33,700
• B)$35,000;$34,700
• C)$34,700;$35,000
• D)$33,700;$35,700

Understand the concept of overall flatness and local flatness within the surface flatness context.

Understand the concept and implementation of apparent authority in agency relationships.

Comprehend the requirements for a person to possess apparent authority.

Distinguish between actual express, implied, and apparent authority.

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Definitions:

Walmart's Supply Chain

A complex logistics system used by Walmart to acquire goods, manage inventory, and distribute products to its stores efficiently.

Distribution Centers

Specialized buildings that are designed to store products for retailers or manufacturers and distribute them to various destinations efficiently.

Frequent Replenishment

The practice of restocking inventory more often to ensure a high level of product availability and customer satisfaction.

Information Sharing

The practice of exchanging information between parties, ensuring that all stakeholders in a process or system have the data necessary to make informed decisions.