Under the WARN Act

question 16

Multiple Choice

Under the WARN Act:

• A)large employers are prohibited from closing plants or laying employees off for the purpose of defeating unionization
• B)large employers must give their employees three months (90 days) advance notice of plant closings and mass layoffs
• C)large employers must provide outplacement services to employees affected by plant closings and mass layoffs
• D)all of the above
• E)none of the above

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Definitions:

Average Total Cost

The total cost per unit produced, determined by dividing the sum of fixed and variable costs by the quantity of output.

Shut Down

The process of ceasing operations or activities, often temporarily, in a business or other organization.

AVC

Average variable cost refers to the total variable cost per unit of output, calculated by dividing the total variable costs by the amount of output produced.

Price

The amount of money required to purchase a good or service, often determined by factors such as supply and demand.