A Hiring Freeze Is All of the Following Except

question 58

Multiple Choice

A hiring freeze is all of the following except

• A)when openings are filled by reassigning current employees.
• B)a common response to an employee surplus.
• C)a strategy that most employers use initially to balance demand and supply.
• D)no outsiders are hired.
• E)a solution when demand exceeds supply.

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Definitions:

Owner's Drawings

The act of an owner drawing funds from a business in a sole proprietorship or partnership for personal needs.

Capital Account

A capital account is a financial statement that shows the changes in a company’s assets, liabilities, and equity, or an individual part of a nation's balance of payments reflecting net change in ownership of national assets.

Owner's Equity

The residual interest in the assets of a business after all liabilities are deducted.

Liabilities

The sum of all debts and financial commitments a company owes to external parties, appearing on the company's balance sheet.