One Potential Disadvantage of Using Contingent Workers Is That

question 39

Multiple Choice

One potential disadvantage of using contingent workers is that:

• A)the costs for their health care, paid time off, and contributions to a retirement plan can be considerable
• B)the company may have to adjust the number of contingent workers that it uses to meet business needs
• C)there can be substantial training expenses
• D)they may not feel a strong connection to the company for which they are working

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Definitions:

Technological Innovations

Developments in technology that introduce new methods, ideas, or products that significantly improve upon the existing standards.

International Markets

Overseas markets where goods, services, and financial securities are traded or offered, creating a platform for global economic exchange and investment opportunities.

Steamship Design

The architectural planning and engineering process involved in creating steam-powered vessels, pivotal to the 19th-century transportation revolution.

Wage Labor

A socioeconomic relationship where a worker sells their labor under a formal or informal agreement, and is paid a periodic wage or salary, not owning the means of production or the product of their work.