Which of the Following Options for Avoiding an Expected Labor

question 68

Multiple Choice

Which of the following options for avoiding an expected labor shortage is a slow solution and has low revocability?

• A)Overtime
• B)Temporary employees
• C)Retrained transfers
• D)Technological innovation
• E)Outsourcing

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Definitions:

Performance Measure

Metrics or indicators used to assess, compare, and track the performance or efficiency of different aspects of an organization.

Financial

This term relates to matters associated with finance, including investments, assets, liabilities, and the management of money.

Incentive Compensation

A form of performance-based pay awarded to employees for meeting or exceeding specific goals or benchmarks.

Balanced Scorecard

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align the day-to-day work with strategy, and monitor progress towards strategic targets.