Which of the Following Statements Is True About the Business

question 98

Multiple Choice

Which of the following statements is true about the business implications of Japanese society?

• A)The determination of social status of an individual is independent of the standing of the group to which he or she belongs.
• B)It is difficult to find self-managing work teams within Japanese organizations.
• C)It is more successful at pioneering radically new products and new ways of doing business than the United States.
• D)There is a low degree of movement from company to company among managers and workers.
• E)The managers and workers lack company-specific knowledge,experience,and a network of interpersonal business contacts.

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Definitions:

Quantity Supplied

The amount of a particular product that a firm would be willing and able to offer for sale at a particular price during a given time period.

Elasticity of Labor Supply

A measure of the response of labor supplied to a change in the price of labor.

Wages

Payments made to employees by employers, typically based on the number of hours worked or a fixed amount for a certain job.

Quantity of Labor

The total hours worked or the number of employees engaged in production within a certain period.