Improvements in the productivity of labor will tend to:
a. increase the supply of labor.
b. increase wages.
c. decrease the supply of labor.
d. decrease wages.
QUESTION 2Globalization aids geographic divisionalization in an organization.
Indicate whether the statement is true or false
QUESTION 3A piecework wage compensation may be used if productivity
A) can be related to the supply chain.
B) is easy to measure.
C) is difficult to observe.
D) is backloaded.
QUESTION 4Improvements in the productivity of labor will tend to:
a. increase the supply of labor.
b. increase the demand for labor.
c. decrease the supply of labor.
d. decrease the demand for labor.
QUESTION 5An organization producing a wide range of products is more likely to decentralize its decision making process than a firm operating in a single industry.
Indicate whether the statement is true or false
QUESTION 6Lincoln Electric paid employees on the basis of
A) deferred compensation.
B) backloaded wages.
C) a piece rate.
D) forward loaded wages.
QUESTION 7The market supply curve for labor:
a. shows the relationship between the wage rate and the number of employees firms are willing to hire.
b. shows the relationship between the price of output and the number of employees firms are willing to hire.
c. shows the relationship between the wage rate and the quantity of labor that workers are willing to supply.
d. shows the relationship between the price of output and the quantity of labor that workers are willing to supply.
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