A Standard Work Year Is 2,000 Hours at the Luther

question 112

Multiple Choice

A standard work year is 2,000 hours at the Luther Mill and it takes about an hour and a half to fill a customer order. Last year saw 15,000 customer orders at the mill and the manager has a new John Deere in mind as a company car, so he hopes that there is an increase of 15% in customer orders for next year. If the manager hires fourteen workers, what is the capacity cushion?

• A) 7.6%
• B) 8.2%
• C) 6.9%
• D) 8.8%

Understand the relationship between wage differentials and factors such as human capital, job characteristics, and labor market competitiveness.

Grasp the rationale behind and the effects of political lobbying on labor demand, particularly in specific sectors like construction.

Understand the economic rationale and criticisms of minimum wage policies and their targeted effectiveness.

Examine the concepts of compensating wage differentials and the factors contributing to wage disparities among workers.

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Definitions:

Reasonable Accommodations

Adjustments or modifications provided by an employer to enable employees with disabilities to perform their job functions.

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places open to the general public.

Employer

An individual or organization that hires and pays others to perform services or work as part of a team or company.

Family and Medical Leave Act

A U.S. federal law that provides employees with unpaid, job-protected leave for certain family and medical reasons.