In the Late 1930s,military Planners Needed to Know the Size

question 4

Multiple Choice

In the late 1930s,military planners needed to know the size of the economy so they could determine

• A) the tax base in case of war.
• B) how many tanks and planes the economy could produce.
• C) the military budget for the next five years.
• D) whether military spending was too large.

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Definitions:

Labour Cost

The expense associated with the work performed by employees, encompassing salaries, wages, and additional benefits.

Productivity

The ratio of outputs (goods and services) divided by one or more inputs (such as labour, capital, or management).

Labour Cost Per Unit

The total expense of labor required to produce a single unit of output, encompassing wages, benefits, and any other compensation.

Executive Intuition

The gut feelings or instincts of managers and executives that influence decision-making, often based on experience.