In a Labor Surplus,some Form of ______ Is an Option

question 42

Multiple Choice

In a labor surplus,some form of ______ is an option for lowering labor costs without terminating employees.

• A) work-sharing
• B) overtime
• C) layoff
• D) downsizing

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Definitions:

Representation

The act of someone standing in or speaking on behalf of another person or group, particularly in political or legal contexts.

Union Density

Represents the percentage of workers in a specific sector or country that are members of labor unions.

U.S. Union

Labor organizations in the United States that represent the collective interests of workers in various industries and advocate for their rights.

Private and Public Sectors

The division of the economy into two parts; the private sector involves businesses owned by individuals or companies, and the public sector involves organizations owned and operated by the government.