ROM Corporation Had Kept All Its Hiring Plans on Hold

question 2

Multiple Choice

ROM Corporation had kept all its hiring plans on hold during the last four quarters because the economy was in a state of recession.ROM manufactures data cards,memory chips,and LCD monitors.The company is analyzing market trends in order to reassess its hiring strategy for the coming year.Which of the following,if true,would best support the argument for restarting hiring?

• A)The previous recessionary had only lasted a year.
• B)Though there was a decline in profits compared to the previous year,the company recently reported the best numbers in its industry.
• C)Computer manufacturers have aggressively started hiring more staff.
• D)One of ROM's fiercest rivals has started laying off its employees.

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Definitions:

Distribution of Income

The way in which a nation’s total earnings are divided among its population, or the way in which wealth is shared amongst individuals.

Evade

To avoid or escape from something or someone, often by using cunning or deceit.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied responds infinitely to changes in price.

Excise Tax

A tax charged on specific goods and services, such as tobacco and alcohol, often implemented to discourage their use or raise government revenue.