All of the Following Are Most Likely Results of Establishing

question 43

Multiple Choice

All of the following are most likely results of establishing a complaint resolution process EXCEPT:

• A) Lowering legal expenses
• B) Increasing employee morale
• C) Documenting performance appraisals
• D) Avoiding EEOC and OFCCP involvement

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Definitions:

Marginal Productivity

The extra output that is produced by using one more unit of a variable input, while keeping the quantities of other inputs constant.

Value of Marginal Product

The additional revenue generated by employing one more unit of a factor of production, holding other factors constant.

Demand for Labor

The employers' desire for hire based on the available wages, the skill levels required, and the overall need for labor to perform tasks.

Supply of Labor

The total amount of labor, in terms of hours or the number of workers, that is available for employment in the economy at a given wage rate.