Reducing the Labor Supply Within the Organization Includes Downsizing and Layoff

question 21

True/False

Reducing the labor supply within the organization includes downsizing and layoff activities.

---

Definitions:

Technological Advance

The process of introducing new technologies or improving existing ones to increase efficiency, productivity, or quality.

Capital Goods

Long-lasting goods that are used in the production of other goods or services, such as machinery, buildings, and equipment.

Investment In-Kind

Contributions of goods, services, or other non-monetary assets to an investment or project rather than cash.

Surplus Labor

The part of the labor force that exceeds the amount needed for the current level of production.