________ Is a Way to Reduce Head Count and Lower

question 26

Multiple Choice

________ is a way to reduce head count and lower labor costs.

• A) Offering an early retirement plan
• B) Encouraging flextime
• C) Job hopping
• D) Compressing the workweek

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Definitions:

Edited and Typeset

The process of preparing and arranging written material for printing or digital publication by correcting, making changes, and setting the final layout.

Marginal Cost

The extra financial burden of producing an additional unit of a product or service.

Profits

The financial gain received by a business after subtracting the total costs from the total revenues generated through its operations.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price.