Which of the Following Options for Avoiding an Expected Labor

question 8

Multiple Choice

Which of the following options for avoiding an expected labor shortage has the benefit of being a fast solution with high revocability?

• A)Temporary employees
• B)Technological innovation
• C)Turnover reductions
• D)New external hires
• E)Retraining

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Definitions:

Journalizing

The process of recording financial transactions in the accounting journal.

Journal

A basic accounting record where all the financial transactions of a business are initially recorded in chronological order before being posted to accounts in the ledger.

Liability Accounts

Accounts on a balance sheet representing what a company owes to others, including loans, mortgages, and accounts payable.

Debits

Entries on the left-hand side of an accounting ledger, indicating increases in assets or expenses or decreases in liabilities or equity.