The Total Amount of Physical Capital in All Firms and Households

question 30

Multiple Choice

The total amount of physical capital in all firms and households is called the

• A)human capital.
• B)capital stock.
• C)household income.
• D)physical product.

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Definitions:

Layoff Avoidance

Strategies and actions taken by employers to prevent or reduce the need for reductions in the workforce.

Work Sharing

Reducing the number of hours employees work to avoid layoffs when there is a reduction in normal business activity.

Management Objectives

Specific goals set by a management team to guide the operations and direction of a company or organization.

Compressed Workweek

An alternative work schedule in which employees work fewer than the normal five days a week but still put in a normal number of hours per week.