Asked by Trionna Greer on Sep 23, 2024
Verified
Which of the following types of businesses would have the highest labor costs in proportion to other costs?
A) auto parts manufacturer
B) Mississippi River barge transport company
C) nursing home
D) chicken-processing plant
E) nuclear energy plant
Labor Costs
The total amount of financial compensation, benefits, and overheads paid to employees in exchange for their labor.
Chicken-Processing Plant
A facility involved in the slaughtering, processing, and packaging of chicken for food production and distribution.
Auto Parts Manufacturer
A company engaged in the production of components used in the assembly or repair of automobiles.
- Analyze the factors influencing the effectiveness of performance-based compensation systems.
Verified Answer
RB
Ronnie Brokenberry3 days ago
Final Answer :
C
Explanation :
Nursing homes require a high level of staffing to provide care to their residents. As a result, labor costs make up a significant portion of their overall expenses, making it the business with the highest labor costs in proportion to other costs among the given options.
Learning Objectives
- Analyze the factors influencing the effectiveness of performance-based compensation systems.