Labor Flexibility Is The

question 66

Multiple Choice

Labor flexibility is the:

• A) view that business is analogous to a game and special,lower ethics are permissible.
• B) ability to make quick and smooth shifts of workers into and out of jobs as business conditions change.
• C) transferring of work from within a company to an outside supplier to cut labor costs.
• D) agreement by which an employee exchanges his/her labor in return for specific pay and working conditions.

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Definitions:

Plant Expansion

The process of increasing the capacity or capability of a manufacturing facility, either through physical enlargement or the addition of new machinery.

Accounts Receivable

Accounts receivable represents money owed to a company by its customers for goods or services delivered but not yet paid for, classified as a current asset on the balance sheet.

Transfer Prices

Prices used for transactions between divisions of the same company, often used for budgeting and taxation purposes.

Actual Costs

The real costs incurred by a business, including all expenses related to production, operation, and maintenance.