Which of the Following Is Generally Not Considered a Part

question 48

Multiple Choice

Which of the following is generally not considered a part of the "future" of global supply management?

• A) World financial markets will become even more closely linked through 24-hour trading
• B) International business will no longer be limited to large multinational corporations
• C) Fewer marketplace differences will exist
• D) Productivity and quality improvements will slow and even digress worldwide
• E) "Westernization" of global consumer markets will continue to occur at a rapid rate

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Definitions:

Workers' Wage

The monetary compensation paid to a worker for their labor.

VMPL

The Value of the Marginal Product of Labor, representing the additional income generated from employing one more unit of labor.

MPL

Marginal Product of Labor refers to the additional output produced as a result of hiring one more unit of labor.

MC

Abbreviation for Marginal Cost, which refers to the increase or decrease in the total cost of production when the quantity produced is adjusted by one additional unit.