Which of the Following Is NOT One of the Benefits

question 43

Multiple Choice

Which of the following is NOT one of the benefits of having a reservations system?

• A)Helps service personnel to serve more effectively.
• B)Helps in pre-selling the service.
• C)Helps customers to avoid queuing.
• D)Helps firms to keep some time aside for emergency jobs.
• E)Allows demand to be controlled.

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Definitions:

Income Equality

Income equality refers to a situation where earnings are distributed evenly across the population, minimizing disparities between the richest and poorest individuals.

Efficiency

The optimal use of resources to achieve the desired output with minimal waste or effort.

Negative Income Tax

A welfare system in which individuals earning below a certain income threshold receive supplemental pay from the government instead of paying taxes.

Labor Earnings

Income received by workers for their labor, including wages, salaries, bonuses, and other compensation.