_____ Is Considered a Slow Option for Avoiding an Expected

question 49

Multiple Choice

_____ is considered a slow option for avoiding an expected labor shortage but has high revocability.

• A)Natural attrition
• B)Retrained transfers
• C)Outsourcing
• D)Transfers
• E)Technological innovation

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Definitions:

Downsloping Demand

A situation where demand decreases as the price increases, typically illustrated by a downward sloping demand curve.

Upsloping Supply

This describes a supply curve that slants upward from left to right, indicating that the quantity of goods supplied increases as the price rises.

Consumer Income

The total earnings of consumers, including salary, wages, and other income sources, influencing their purchasing power.

Production Costs

The total expenses incurred in the manufacture of products or services, including labor, materials, and overhead.