Which of the Following Factors Helps in the Reduction of Labour

question 45

Multiple Choice

Which of the following factors helps in the reduction of labour costs?

• A)Paying more benefits and less cash
• B)Paying the same wages to fewer employees
• C)Making early retirement less attractive
• D)Increasing the number of employees
• E)Expanding the core workforce

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Definitions:

Company-wide Profit

The total earnings or net income generated by all operations and departments of a business.

Profit Centers

Sections or divisions of a business that are directly responsible for generating profit, often evaluated separately for performance analysis.

Management Pay

Compensation, including salaries, bonuses, and other benefits, provided to individuals in managerial positions within organizations.

Division Performance

Evaluation of a specific division's operations within a larger company, focusing on its efficiency, productivity, and contribution to overall corporate goals.