Which of the Following Options for Avoiding an Expected Labor

question 31

Multiple Choice

Which of the following options for avoiding an expected labor shortage has the benefit of being a relatively fast solution with high revocability?

• A) Retrained Transfer
• B) Turnover Reductions
• C) New External Hires
• D) Overtime
• E) Technological Innovation

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Definitions:

Pretax Financial Income

Pretax Financial Income is the amount of income earned by a company before taxes are deducted, as reported in its financial statements.

Taxable Income

The amount of income used to calculate how much tax an individual or a company owes to the government in a particular tax year.

GAAP

Generally Accepted Accounting Principles - a collection of commonly-followed accounting rules and standards for financial reporting.

Deferred Income Taxes

Taxes that are accrued but not yet paid or collected, often due to differences in accounting methods between tax regulations and accounting principles.