The Idea That Firms Retain Some Workers in a Recession,whom

question 34

Multiple Choice

The idea that firms retain some workers in a recession,whom they would otherwise lay off,to avoid the costs of hiring and training,is called

• A)the gift exchange motive.
• B)worker pooling.
• C)labour hoarding.
• D)union busting.

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Definitions:

Status Groups

Groups within society that are differentiated by characteristics such as prestige, honor, lifestyle, and education rather than by economic position alone.

Max Weber

A German sociologist, economist, and political scientist known for his ideas on social theory and the study of society, particularly regarding bureaucracy, the religion and economy connection, and social stratification.

Social Honor

The social recognition, respect, and admiration one receives from others in society based on achievements, character, or status.

Classes

Social groupings based on similar economic positions and levels of material possessions, often associated with power and privilege differences.