◇ A person who likes working with numbers and information Question 9 1 pts Which sector of the economy is expected to see the greatest increase in jobs? O Service O Agriculture Manufacturing Mining Precision production

45:42 labor force is 180 million. The number of employed workers in this economy is Multiple Choice 166.5 million. 13.5 million, 174.6 million. 15.7 million.

Scenario -- Precision Electronics Precision Electronics are a family run company employing around 400 people.The company is rather informal in that there are no specific job descriptions for any employee, but there is a very formal hierarchy and it is expected that supervisors keep a close eye on their subordinates and see that they do the job“their”way. There are 4 directors of the company – all members of the same family; they undertake all the decisions,do not take advice from their senior management team(and certainly not from anyone below that level),and are known to run a very tight ship.Major suppliers to the company find that the directors are very business like but are impossible to build any rapport with. The Directors of the company are Operations - responsible for the manufacture and refurbishment of electronic components; Commercial – responsible for ensuring that purchasing is undertaken maximising quality and minimising prices paid; Financial; Sales and Marketing.…

The company can have its own facilities overseas or outsource production overseas. Identify two-three benefits of using low-wage labor. Identify two-three disadvantages of using low-wage labor. Explain your reasoning.