The Demand for Labor Is a Derived Demand Because

question 20

Multiple Choice

The demand for labor is a derived demand because:

• A) labor is hired based on when the MRP is equal to the wage rate.
• B) we demand what labor produces and not labor itself.
• C) all products must have some labor embodied in them.
• D) labor is a variable input.

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Definitions:

Empowerment

The process of granting individuals or groups the power, means, or opportunity to control their own lives, make decisions, and exert influence.

Performance Obstacles

Factors or conditions that hinder or impede the effectiveness and efficiency of individual or group performance.

Vroom-Jago

A decision-making model that helps leaders determine how much involvement their teams should have in the decision-making process.

Leader-Participation Model

A framework suggesting the degree of employee involvement in decision-making depends on the situation and leadership style.