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How does the correct answer from the above question contribute to its profession?
Over Time Cost
The additional expenses incurred when employees work beyond their regular hours, often including higher wage rates for overtime hours.
Marginal Subcontracting Cost
The additional cost incurred for each unit produced or service provided when a company resorts to subcontracting as opposed to in-house production.
Layoff Cost
Expenses associated with terminating employees, including severance pay and benefits continuation.
Hiring And Training Cost
The total expenses involved in recruiting new employees and providing them with the necessary training to perform their job roles effectively.
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