Which of the Following Is a Way in Which Many

question 26

Multiple Choice

Which of the following is a way in which many organizations try to reduce their need for skills that will be in short supply for a number of years?

• A)exiting certain lines of business
• B)redesigning jobs
• C)focusing on other areas where there is adequate labor supply
• D)focus on unskilled labor

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Definitions:

Constants

Fixed values in an equation or model that do not change, unlike variables which can fluctuate.

GDP

Gross Domestic Product, the total value of all goods and services produced over a specific time period within a country's borders.

Depression

A deep and prolonged business downturn; the last one occurred in the 1930s.

Velocity of Circulation

The rate at which money moves through the economy, from transactions of individuals and businesses.