The efficiency-wage theory of worker turnover suggests that firms with higher turnover will have
a. higher production costs and higher profits.
b. higher production costs and lower profits.
c. lower production costs and higher profits.
d. lower production costs and lower profits.
b
Economics
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Regarding forecasting, which of the following statements is NOT true? a. Operations managers need sales forecasts to plan future production
b. Financial managers need estimates of future sales revenues, disbursements & capital expenditures in order to plan effectively. c. Forecasts of credit conditions are needed to plan the cash needs of the firm. d. Public administrators and managers of NFP corporations need not forecast, since they need not make a profit. e. Both c and d are false.
Economics
Refer to the table at right. The balance of trade is
Economics