What Term Is Used to Refer to a Work Environment

question 51

Multiple Choice

What term is used to refer to a work environment in which temporary positions are common and organizations contract with independent workers for short-term engagements?

• A)coemployment
• B)employee leasing
• C)gig economy
• D)contingent employment

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Definitions:

Elasticity of Demand

A measure of how the quantity demanded of a good or service changes in response to a change in its price.

Senior-Citizen Discounts

Reduced prices offered to elderly customers, typically those who have reached a specified age, as a benefit or marketing tool.

Cash Rebates

A refund or discount on the purchase price of a product or service, often used as a promotional tactic by retailers and manufacturers.

Software Upgrade

The process of replacing an existing software with a newer or better version to improve functionality or fix issues.