Which of the Following Options Can Be Legally Adopted by Organizations

question 87

Multiple Choice

Which of the following options can be legally adopted by organizations looking to restructure the workforce to minimize the expense of benefits?

• A) Use more independent contractors rather than hire additional employees.
• B) Limit the coverage on life insurance, based upon the employee's age.
• C) Use more full-time rather than part-time employees.
• D) Recruit new employees instead of demanding overtime from the existing employees.
• E) Substitute HMO and PPO plans with traditional health insurance plans.

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Definitions:

Reservation Price

The maximum or minimum price at which a consumer is willing to buy or sell a good or service.

Elastic Demand

A situation where the demand for a product or service significantly changes in response to a change in price.

Regulated Monopoly

A monopoly that is allowed to operate by the government under set conditions and regulations to ensure fair competition and protect consumers.

Regulation Dilemma

The challenge of finding the balance between necessary governmental regulations and the freedom for businesses to operate efficiently.