To Obtain a License to Drive a "Black Cab" Taxi

question 38

Multiple Choice

To obtain a license to drive a "black cab" taxi in London,requires passing a rigorous test of the driver's knowledge of London's streets and buildings involving 2 to 4 years of study.This test affects the profitability of the London taxi industry:

• A)Negatively,because of the debts that future taxi drivers accumulate during their training
• B)Negatively,because it encourages native Londoners,who are already familiar with the city,to enter the industry
• C)Positively because they restrict entry to the industry
• D)Positively,because "doing the knowledge" increases solidarity among London's taxi drivers.if such licenses can be sold on a secondary market

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Definitions:

Results-Based Performance Measures

Evaluation metrics used to assess the outcomes or results of an individual's or organization's actions, focusing on end goals rather than processes.

Economic Conditions

The state of the economy at a given time, involving factors like GDP growth rates, unemployment levels, and inflation rates.

Employee's Control

The degree to which workers can influence or direct their work environment and tasks.

360º Feedback

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