If Employees Accept a Wage Contract That Decreases the Unit

question 134

True/False

If employees accept a wage contract that decreases the unit contribution margin, the break-even point will decrease.

Recognize the various applications and impacts of digital media in business contexts.

Differentiate between traditional business and e-business.

Appreciate the enhanced consumer-marketer communication facilitated by digital media.

Identify the challenges and opportunities digital media presents for businesses.

---

Definitions:

Balanced Trade

A trade situation in which the value of a country's exports equals the value of its imports over a certain period.

Net Exports

The value of a country's total exports minus the value of its total imports.

Trade Surplus

The amount by which the value of a country's exports exceeds the cost of its imports.

Exports

Goods or services sold by one country to another, contributing to the selling country's gross domestic product.