When Offering Early Retirement as an Option to Reducing a Labor

question 83

True/False

When offering early retirement as an option to reducing a labor surplus,too many employees,or too few,may take the offer.

---

Definitions:

Expansion

The process of enlarging the scale of operations, increasing the production capabilities, or broadening the scope of a business.

Quick-service Restaurant

A type of eating establishment known for fast food service and minimal table service, often part of a restaurant chain.

Franchising

A method of doing business wherein a franchisor licenses trademarks and proven methods of doing business to a franchisee in exchange for a recurring payment, and often a percentage of the franchisee's revenue.

Franchisors

Individuals or companies that grant a license to others allowing them to operate a business under the franchisor's brand and business model.