This topic contains a solution. Click here to go to the answer

Author Question: What is a hierarchy?[br][br][b][color=#FBB117]Question 2[/color][/b][br][br]A difference between the ... (Read 65 times)

Destiiny22

  • Hero Member
  • *****
  • Posts: 557
What is a hierarchy?

Question 2

A difference between the efficiency wage and the opportunity cost of labor is largely determined by
 A) the number of managers.
  B) the costs of monitoring employees.
  C) the use of computers.
  D) none of these choices.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

elyse44

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

In organizations or hierarchies some individuals have authority to issue orders that others are expected to obey and face penalties if they do not. The organization's members are paid, but generally not for performing particular actions. Workers are paid for their cooperation and pay is often agreed upon before work starts. A worker may not have rights to negotiate additional payments for particular tasks.

The boss need not consult her subordinates when making decisions. A given hierarchy may contain multiple levels, each containing persons who simultaneously carry out the orders of superiors and issue orders to subordinates. The boss promises steady wages that beat income from self-employment and sweetens the deal by making the wages independent of small fluctuations in group output or price, at least for the near term. The workers accept that the boss may reassign them as she wishes and fire them if she chooses. She alone chooses who will replace a fired worker or fill some vacancy. Her income is the difference between the group's revenue and its bills for wages and supplies. If that figure is negative she is responsible for obtaining the funds, from outside the business if necessary. If this new organization improves productivity and profit both she and the workers share the gains.

Answer to Question 2

B




Destiiny22

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

For a complete list of videos, visit our video library