Which of the Following Is Correct

question 30

Multiple Choice

Which of the following is correct?

• A)Studies of the effects of the minimum wage typically find that a 10 percent increase in the minimum wage raises the average wage of teenagers by 10 percent.
• B)The drop in teenage employment caused by a 10 percent increase in the minimum wage is not significant.
• C)The minimum wage is more often binding for teenagers than for other members of the labor force.
• D)All firms consistently enforce minimum-wage laws.

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Definitions:

Organizational Crisis

A critical event or turning point that threatens an organization’s health and survival, requiring urgent and effective response.

External Threats

External threats are potential harms originating from outside an organization that could negatively impact its operations or assets, including cyber attacks, market competition, and regulatory changes.

Executive Reality Checking

A process where business leaders periodically validate their strategies, assumptions, and actions against the actual business environment and outcomes.

Outside Consultants

Professional advisors who are not part of an organization but are hired to provide expertise and advice on specific matters.