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Dave Wants to Set Up a Manufacturing Unit,so He Meets

question 49

Multiple Choice

Dave wants to set up a manufacturing unit,so he meets with Rodney,a human resource manager at his company.Rodney explains that in order to decide on the human resource needs for the unit,they should conduct a work flow analysis.He suggests they start by defining the outputs of the process.To do this,which of the following should Dave define?

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Definitions:

Miles

A unit of distance measurement equal to 5,280 feet or approximately 1.609 kilometers, used primarily in the United States and the United Kingdom.

Perfect Substitutes

Goods or services that can be used in exactly the same way and are interchangeable in consumption or use.

Income Effect

The variation in a person's or an economy's earnings and its effect on the amount of a product or service that is requested.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods.

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