In the Context of Options for Avoiding a Labor Shortage,identify

question 79

Multiple Choice

In the context of options for avoiding a labor shortage,identify the similarity between outsourcing and overtime strategies.

• A) Both strategies yield slow results.
• B) Both strategies have high revocability.
• C) Both strategies are expensive to implement.
• D) Both strategies involve contracting with another organization to perform a broad set of services.
• E) Both strategies can be used for reducing labor surplus.

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Definitions:

Deficiency

A shortfall or lack, especially of something essential or required.

Floating Lien

A security interest in proceeds, after-acquired property, or property purchased under a line of credit (or all three); a security interest in collateral that is retained even when the collateral changes in character, classification, or location.

Collateral

Assets pledged as security for the repayment of a loan, forfeitable in the event of a default.

Secured Creditor

A creditor with the advantage of a security interest in assets of the debtor, offering protection for the credit extended.