Labor Secretary Robert Reich Estimated That Part-Time or Contingent Workers

question 4

Multiple Choice

Labor secretary Robert Reich estimated that part-time or contingent workers make up about ______ of the existing work force at the time Rubin's study was conducted.

• A) one-third
• B) one-tenth
• C) one-half
• D) three-quarters

Recognize the role of resources in economic activities and their categorization.

Identify the purpose and scope of economics in analyzing social problems and resource allocation.

Understand the significance of capital in economics and differentiate between types of goods.

Recognize that wants can be satisfied temporarily, but new desires emerge, reflecting the ongoing nature of scarcity.

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Definitions:

Postponement

A strategy of delaying the final production or distribution of a product until customer orders are received to reduce inventory costs and increase customization.

Product Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market.

Customization

The process of modifying products or services to meet the specific requests or requirements of individual customers.

Postponement

A strategy in supply chain management involving delaying product customization or distribution until customer orders are received to reduce inventory costs.