The Phrase Blended Workforce Refers to

question 4

Multiple Choice

The phrase blended workforce refers to

• A)a recruitment and hiring policy implemented by the federal government in order to increase racial and ethnic diversity within the federal workforce.
• B)the federal government's policy of replacing 10 percent of all employees with automated technology by 2020.
• C)the fact that most federal employees now have appointments in two or more separate cabinet-level departments.
• D)the fact that contract employees now work side by side with government employees in most areas of government activity.

---

Definitions:

Total Costs

The complete amount of money spent by a business for producing or acquiring goods or services, including both fixed and variable costs.

Economic Profits

Economic profits are the financial gains that exceed the total costs of production, including both explicit and opportunity costs, indicating an above-normal return.

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced; it decreases as production increases.

Short Run

A time period in economics during which at least one input, such as plant size, is fixed and cannot be changed.