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Recommended textbook solutions Principles of Economics8th EditionN. Gregory Mankiw 1,209 solutions Krugman's Economics for AP2nd EditionDavid Anderson, Margaret Ray 1,000 solutions Krugman's Economics for AP2nd EditionDavid Anderson, Margaret Ray 1,042 solutions Essentials of Investments9th EditionAlan J. Marcus, Alex Kane, Zvi Bodie 689 solutions This preview shows page 2 - 4 out of 11 pages. 8)Which of the following options for reducing an expected labour surplus is a relatively slow solution,but hasthe benefit of being low in suffering caused?A)DemotionsB)Natural attritionC)DownsizingD)TransfersE)Pay reductionsAnswer:B 9)Which of the following options for reducing an expected labour surplus has the benefit of being arelatively fast solution and is NOT high in human suffering? Get answer to your question and much more 10)Which of the following options for avoiding a labour shortage is slow in achieving results andprovides a low ability to change later? Get answer to your question and much more 11)Your company's primary concern is to reduce an expected labour surplus fast; its secondary concernis tominimize human suffering. The options that would best address the company's concerns (in thepriorityindicated) are: Get answer to your question and much more D)downsizing and pay reductions.E)early retirement and retraining.Answer: A12)Forecasting indicates your company needs to reduce its white-collar workforce in order to avoid alaboursurplus in the next three to five years. Consistent with the corporate culture it wants tomaintain, yourcompany places a higher priority on minimizing human suffering than on achievingthe labour reductionquickly. The options that are most consistent with these priorities are:A)early retirement and retraining.B)pay reductions and transfers.C)demotions and transfers.D)transfers and reducing hours.E)natural attrition and transfers.Answer:A 13)Which of the following options for avoiding an expected labour shortage has the benefit of being arelatively fast solution while maintaining the ability to change later? Get answer to your question and much more 14)A small company that manufactures special-order wood furniture has kept its employees busy on a40-hour-a-week schedule for the past two years. The company just received the largest contract inits historyfrom a European company opening offices in the area. There is no expectation of repeatbusiness from theEuropean company. In order to complete the contract in the required threemonths, additional skilled woodworking employees are needed. Under these circumstances, to avoidanexpected labour shortage, the best option would be: Get answer to your question and much more Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 11 pages? Upload your study docs or become a Course Hero member to access this document Which of the following options for reducing an expected labor surplus?Which of the following options for reducing an expected labor surplus has the benefit of being a relatively fast solution, but the disadvantage of being high in human suffering? transfers and work sharing. Which one of the following is most likely to represent a core competency for a retail store?
Which of the following is considered a fast option for reducing an expected labor surplus but results in high human suffering?Hiring employees from external sources is a fast option to avoid an unexpected labor shortage; plus. its revocability is high.
What is the best strategy to deal with labor surplus?In any situation involving a labor surplus, don't hire new workers. A hiring freeze is a necessary step while your company's management team determines the best path forward. In addition, you should end contracts with outsourced talent and transfer those tasks to internal labor instead.
Which of the following has been the most widespread means of reducing a labor surplus?Which of the following has been the most widespread means of eliminating a labor shortage? downsizing. Which of the following trends was often a leading indicator that the economy was expanding in the United States with regard to temporary and permanent employees?
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Which one of the following options for reducing an expected labor surplus is a relatively slow solution?
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