ESP111 K63.22 | EXERCISE | UNIT 16: EFFICIENCY AND EMPLOYMENT

(a)   (n): the fear that you might lose your job

…………. (n): the extent to which somebody has the skills, knowledge, attitude, etc. that make them suitable for paid work (that employers want) 

(a)  

………..(Ving/N): decreasing the number of permanent employees working for an organization

(a)  

……….(n): the central part of something (eg) a company's workforce

(a)  

…………(n): a situation in which a person, company, factory uses resources such as time, materials, or labour well, without wasting any

(a)  

………….(n): to make a company, way of working more effective, usually by combining or stopping particular activities, or by employing fewer people

(a)  

………….(n): all the payments and advantages that a company gives to workers who have lost their jobs because they are no longer needed

(a)  

………….(Ving/N): to organize a company, business, or system in a new way to make it operate more effectively

(a)  

………….(n): to move the location of an enterprise

(a)  

If a company increases labor productivity, what is the most likely result?

• More goods and services are produced with the same labor input

• The number of employees increases

• Wages decrease

• Fewer jobs are created