Which of the Following Strategies Could Be Used to Avoid

question 64

Multiple Choice

Which of the following strategies could be used to avoid a labor shortage?

• A) Reduced pay
• B) Work sharing
• C) Hiring freeze
• D) Transfers
• E) Retrained transfers

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Definitions:

Ordinary Course

Pertains to regular business activities and operations conducted by an entity under normal circumstances.

Security Interest

A financial mechanism that gives a lender priority over the borrower's assets or property in the case of default.

Financing Statement

A document filed by a creditor to indicate a security interest in the personal property of a debtor, used to perfect a lien.

Perfection

In the context of securing interests in property, it is the process of completing all required legal steps to enforce a security interest against third parties.