The Growth of Contingent Workers in the U

question 39

Multiple Choice

The growth of contingent workers in the U.S. labor force due to unpredictable labor demand is an illustration of

• A) Adapting at the core.
• B) Flexible processes.
• C) Buffering.
• D) Smoothing.
• E) Empowerment.

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Definitions:

Break-Even Point

The production level or sales volume at which total revenues equal total expenses, resulting in neither profit nor loss.

Variable Costs

Costs that change in proportion to the level of production or sales activities, such as materials and labor.

Utilization

The extent to which a resource, such as equipment or labor, is used for its intended purpose, often expressed as a percentage.

Efficiency

The ratio of the useful output to the total input in any system, reflecting how well resources are utilized without waste.