Which of the Following Is True Today Regarding the Business

question 11

Multiple Choice

Which of the following is true today regarding the business workforce?

• A) The workforce is adequate for business despite the aging population.
• B) The workforce is less independent in nature, rather more collaborative.
• C) The workforce members can expect more employer loyalty to their life-long career.
• D) The workforce is less mobile and less flexible.

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Definitions:

Other Expenses

Costs not directly tied to the production of goods or services, including administrative and office expenses.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels of the company.

Administrative Expenses

Administrative expenses are the costs associated with the general administration of a business, such as salaries of executive officers, legal and accounting fees, and office supplies.

Planning Budget

A budget prepared at the beginning of a period, reflecting the expected financial situation based on forecasted activities and conditions.