When a Walmart Hires People for a New Store, Economists

question 30

Multiple Choice

When a Walmart hires people for a new store, economists suggest that

• A)more workers are actually laid off at other establishments.
• B)at least some workers are laid off at other establishments.
• C)the same number of workers are laid off at other establishments.
• D)even more workers are added at other establishments.

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Definitions:

Specialization

The process of focusing on a narrow area of expertise or activity, often to increase efficiency or skill.

Bureaucracy

An organizational system characterized by structured hierarchy, formal rules and procedures, and a clear division of labor, often resulting in slow decision-making processes.

Top Executives

Individuals who occupy the highest-ranking positions in an organization, responsible for strategizing and overseeing operations.

Store Operations

The activities and tasks involved in managing a retail store effectively, including staffing, inventory management, and customer service.