A Firm's Skills in Using Its Resources to Create Goods

question 29

Multiple Choice

A firm's skills in using its resources to create goods and services are its ________.

• A) resources
• B) capabilities
• C) values
• D) logistics

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Definitions:

Wage Increase

A rise in the amount of money workers are paid per unit of time.

Discrimination Complaint

A formal grievance filed by an individual alleging unfair treatment or inequality based on certain protected characteristics.

Equilibrium Wage

The wage rate at which the quantity of labor demanded equals the quantity of labor supplied.

After-School Tutoring

educational or supplementary instruction provided to students outside of regular school hours to improve their knowledge or skills.