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:

Income Receivers

Individuals or entities that receive earnings from various sources, including employment, investments, and transfers.

Total Utility

The total satisfaction or benefit that a consumer gets from consuming a particular quantity of goods or services.

Income Redistribution

The transfer of income from certain individuals or groups to others through mechanisms like taxation, welfare, and subsidies to promote economic fairness.

Incentives To Produce

Factors or motivations that encourage firms or individuals to engage in production, including profits, market demand, or regulatory conditions.