Which of the Following Is NOT One of the Successful

question 27

Multiple Choice

Which of the following is NOT one of the successful techniques for controlling the cost of labor in services?

• A) accurate scheduling of labor-hours to assure quick response to customer demand
• B) an on-call labor resource that can be added or deleted to meet unexpected demand
• C) little flexibility in worker hours to decrease the burden on management
• D) flexibility of individual worker skills that permits reallocation of available labor
• E) flexibility in rate of output or hours of work to meet changing demand

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Definitions:

Interest Rates

A finance charge expressed as an annual rate of return or the annual cost of credit or loan, which reflects the time value of money.

Currency Depreciate

A decrease in the value of a currency relative to other currencies in the foreign exchange market.

Currency Appreciate

The increase in the value of one currency relative to another in the exchange rate markets.

Fixed Exchange Rate

Rate of exchange between currencies pegged within a narrow range and maintained by the central bank’s ongoing purchases and sales of currencies.