Internal Labor Markets Benefit Senior Employees By

question 18

Multiple Choice

Internal labor markets benefit senior employees by:

• A)forcing the firm to pay all of the expenses associated with general training
• B)providing them with greater freedom through the informal work rules associated with such markets
• C)providing them with increased protection from job layoff
• D)protecting them from pay cuts when they leave the firm for other jobs

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Definitions:

Current Ratio

A measure of a company’s capability to settle short-term debts using its current assets.

Acid-Test Ratio

A stringent indicator of a company's short-term liquidity, calculated by dividing liquid assets by current liabilities, excluding inventory from assets.

Financial Stability

The condition of having strong financial health, characterized by a solid balance sheet, manageable debt, and the capability to meet short and long-term obligations.

Operating Efficiency

A measure of how well a company utilizes its resources to generate profit without unnecessary waste.