Which Type of Employee Has the Least Chance of Being

question 23

Multiple Choice

Which type of employee has the least chance of being rehired?

• A) an employee who has been laid off
• B) an employee who has been terminated for cause
• C) an employee who has been downsized
• D) an employee who has lost his or her job due to a reduction in force

---

Definitions:

Price-elastic

A product or service is considered price-elastic when its demand significantly changes in response to a change in its price; high elasticity indicates significant changes in demand.

Linear Demand Curve

A graphical representation showing a direct relationship between price and quantity demanded, where a change in price leads to a proportional change in quantity demanded.

Price-elastic

A characteristic of goods where their demand or supply changes significantly when their price changes.

Emergency Visits

Instances when individuals seek immediate medical attention and care in a hospital's emergency department, often due to accidents or sudden illnesses.