A Result of the Le Châtelier Brown Principle Is

question 4

Multiple Choice

A result of the Le Châtelier Brown principle is

• A) an increase in the price of capital has a larger effect in the short run than the long run.
• B) an increase in the price of capital has a larger effect in the long run than the short run.
• C) an increase in the price of labor has a larger effect in the short run than the long run.
• D) an increase in the price of labor has a larger effect in the long run than the short run.
• E) an increase in the price of labor has a large effect in the short run but no effect in the long run.

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Definitions:

Intensive Training

Intensive Training refers to a rigorous and comprehensive training program aimed at rapidly enhancing the skills and knowledge of participants.

Job-Needs Analysis

The process of determining the specific requirements, skills, and knowledge needed for a particular job or role within an organization.

Competency Modeling

The process of identifying, defining, and managing the skills, knowledge, abilities, and other attributes required for specific jobs or roles within an organization.

Organizational Culture

The shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.