You Own a Business That Answers Telephone Calls for Physicians

question 272

Multiple Choice

You own a business that answers telephone calls for physicians after their offices close.You have an incentive to substitute capital for labour if the

• A)price of capital increases.
• B)price of labour decreases.
• C)price of labour increases.
• D)marginal product of labour increases.

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Definitions:

Balanced Scorecard

A strategic planning and management system that uses a mix of financial and non-financial measures to evaluate organizational performance.

Decision Management

Those aspects of the decision process where managers either initiate or implement decisions.