A Leftward Shift in the Labour Supply Curve Might Result

question 23

Multiple Choice

A leftward shift in the labour supply curve might result from:

• A) people valuing leisure more highly.
• B) people having less wealth.
• C) increasing work opportunities for women and minorities.
• D) an increase in the population.

---

Definitions:

Aggregate Planning

A methodology in operations management aimed at determining optimal production, workforce levels, and inventory levels, to meet forecasting demand over a medium-range period.

Plant Capacity

Plant capacity is the maximum output that a manufacturing facility can produce under normal conditions within a given time period.

Regular Time

The standard hours during which an organization operates or an employee is expected to work, excluding overtime.

Level Strategy

A business approach that maintains a steady production rate or workforce level, even in the face of fluctuating demand.