Until the 2027 BBE exam · 30 June
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2027 BBE, WU Vienna
One timed entrance exam sits between your family and a strong degree at almost zero cost. The paper is hard because the seats are limited, not because the university wants drama. About 240 BBE places face a much larger applicant pool under the same partial credit pressure you will feel in the hall.
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Total tuition · 3 years
Same degree tier. ~50× tuition delta.
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Analyze how businesses classify human resources among the factors of production used to create goods and services. Evaluate the following economic assertions:
Managers who coordinate schedules supply labour as human resources alongside coordination duties.
Insurance claims handlers processing policies supply labour in a service firm.
Labour is restricted to manual shop-floor work and excludes planners or accountants.
Installing software is a want rather than labour because the service is intangible.
Seasonal pickers fall outside labour because their employment lasts only weeks.
Full solution · Task 1
Answer key
| A | B | C | D | E |
|---|---|---|---|---|
| True | True | False | False | False |
A. → True
Schedule coordination is still human effort applied to production. Managers who set shifts and allocate people are labour as a human resource, even when their work is desk-based rather than shop-floor.
So the statement is True.
B. → True
Claims handlers who process insurance policies perform service work for the firm. That human input is labour, not capital or land. A service firm without people to handle policies cannot deliver the product, so the handlers sit squarely inside the labour factor.
So the statement is True.
C. → False
Labour covers planners, accountants, supervisors, and shop-floor workers alike whenever human effort goes into production. Restricting labour to manual tasks invents a false split.
A planner who sequences jobs and an accountant who tracks costs both supply human resources. Excluding them would leave most offices outside the labour factor, which contradicts how firms actually combine people with machines and materials.
So the statement is False.
D. → False
Installing software is an activity performed for a client: human skills applied as labour. Intangibility makes it a service, not a "want." Wants are consumption preferences; labour is a production factor. Mixing those categories mislabels the installer's work.
So the statement is False.
E. → False
Seasonal pickers work for wages during harvest weeks and still supply labour. Contract length does not reclassify the factor. Short employment remains human effort in production.
So the statement is False.
You work economics cases in the real exam format, 680+ questions in the Full Course. After you submit, tap Explanation beside any statement and read why it holds or fails, without leaving the solution.
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