When Would Employers Prefer Overtime Workers Than New Hires

question 42

Multiple Choice

When would employers prefer overtime workers than new hires?

• A) When more work is needed and the employee wants to reduce costs
• B) When person-tied benefits and paid time off exceed 50 percent of base pay
• C) When the overtime contract requires higher premium
• D) When costs are incidental to hiring and benefits are lower than overtime premium

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Definitions:

Production Possibilities Curve

A graphical representation showing the maximum combination of goods and services that can be produced with limited resources.

Production Possibilities Curve

A graph that shows the different quantities of two goods that an economy can produce using all its resources efficiently.

Unemployment Rate

The segment of workers within the labor force not employed but searching for work.

Assembly Line

A production process that divides the manufacture of a product into steps that are completed in a predefined sequence, often involving conveyor belts and workstations.