When the Economy Goes into a Recession and Firms Require

question 191

Multiple Choice

When the economy goes into a recession and firms require less labor, managers tend to

• A)reduce wages to reflect the lower demand for labor.
• B)avoid cutting wages, for fear of drops in worker productivity.
• C)lay off workers and keep wages of the remaining workers constant.
• D)keep all of their workers by spreading work more thinly.

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Definitions:

Challenges Faced

The difficulties or obstacles that individuals or groups encounter, which require effort and resourcefulness to overcome.

Sensitivity To Clients

Involves the ability to understand and respond to the feelings, thoughts, and experiences of clients in a compassionate and empathetic manner.

Self-Efficacy

An individual's belief in their own ability to succeed or accomplish tasks, often influencing their motivation and perseverance.

Situational Ideation

The generation of ideas or concepts based on specific contexts or sets of conditions.