A Software Firm Has Lost a Major Client and the Immediate

question 64

Multiple Choice

A software firm has lost a major client and the immediate impact is a loss of work.Software programmers are difficult to recruit and train, so the firm is considering alternatives to laying off employees.The company could consider any of the following except

• A)asking employees if they are willing to take unpaid leaves to help reduce costs.
• B)asking employees to schedule vacation during the period when there is less work.
• C)asking employees to participate in a lottery to determine who should be let go (since it is unbiased).
• D)asking employees to take a voluntary reduction in pay (or reduced hours of work).
• E)All of the above are options for the software firm.

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Definitions:

Medium of Exchange

A mechanism or item used to facilitate trade by avoiding the limitations of barter, such as currency or digital forms of money.

MV Rises

A notation that can imply an increase in the velocity of money, which is the frequency at which one unit of currency is used to purchase domestically-produced goods and services within a given time period.

PQ Falls

This term is not sufficiently defined to provide a clear and specific definition without additional context; it could potentially relate to a concept within economics, involving a decrease in quantity (Q) and price (P).

PQ Rises

Indicates an increase in the product of price (P) and quantity (Q), suggesting growth in total revenue or output.