Which of the Following Is Not a Limitation of Job

question 100

Multiple Choice

Which of the following is not a limitation of job expansion?

• A)higher capital cost
• B)higher wage rates
• C)smaller labor pool
• D)higher training costs
• E)All of the above are limitations of job expansion.

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Definitions:

Opportunity Cost

The cost of forgone alternatives when a decision is made to choose one option over others.

Absolute Advantage

The ability of a country, individual, company, or region to produce a good or offer a service at a lower cost per unit than the cost at which any other entity produces that good or offers that service.

Production

The process of creating goods and services by combining labor, materials, and technology.

Kegs

Large barrels used to store and transport liquids, especially alcoholic beverages such as beer.