One Way to Avoid Layoffs Is to Hire Temporary Supplemental

question 43

Multiple Choice

One way to avoid layoffs is to hire temporary supplemental employees with the understanding that their work is of a temporary nature where they may be laid off at any time.These temporary employees are called

• A)continuous employees.
• B)temporary employee defence.
• C)the rings-of-defence.
• D)voluntary employees.
• E)contingent employees.

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Definitions:

Below-Average Earnings

refer to income levels that are lower than the average earnings within a specified population or employment sector.

Social Security System

A government program that provides financial assistance to people with inadequate or no income, especially the elderly and disabled.

Highest-Valued Alternative

The best next option forgone as a result of making a particular decision, often related to the concept of opportunity cost.

Production Possibilities Curve

A curve that outlines all possible combinations of total output that could be produced, assuming (1) a fixed amount of productive resources, (2) a given amount of technical knowledge, and (3) full and efficient use of those resources. The slope of the curve indicates the amount of one product that must be given up to produce more of the other.