_____ Is a Way to Reduce Head Count (The Number

question 48

Multiple Choice

_____ is a way to reduce head count (the number of employees) and lower labor costs.

• A) Offering an early retirement plan
• B) Encouraging flextime
• C) Job hopping
• D) Compressing the workweek

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Definitions:

Microfinance

A type of financial service provided to unemployed or low-income individuals or groups who otherwise lack access to traditional banking services.

Collateral

An asset that a borrower offers to a lender as a security for a loan, which can be seized if the loan is not repaid.

Savings Deposits

Bank accounts that pay interest on the money deposited, meant for saving rather than daily transactions.

Capital Formation

The process of building up a country's stock of real capital, such as buildings, machinery, and equipment, which is used for production.