Financial Principles Are Not Affected by External Factors Such as Policy

question 37

True/False

Financial principles are not affected by external factors such as policy changes, the economy, etc.

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Definitions:

Labor Surplus

A situation where the number of available workers exceeds the number of available jobs, often leading to unemployment or underemployment.

Work Sharing

A program that allows employees to reduce working hours during economic downturns as an alternative to layoffs, with the aim of spreading a reduced amount of work over the same or a larger number of employees.

Hiring Freeze

A policy implemented by organizations to temporarily halt the recruitment of new employees.

Human Resource Planning

The strategic process employed by organizations to ensure the right number of people with the right skills are available to meet current and future business needs.