Which of the Following Is a Method Companies Use to Reduce

question 156

Multiple Choice

Which of the following is a method companies use to reduce their labor costs?

• A)Paying overtime to get a job done in fewer days
• B)Offshoring
• C)Both paying overtime to get a job done in fewer days and offshoring.
• D)Neither paying overtime to get a job done in fewer days nor offshoring

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Definitions:

Needs Analysis

This involves determining and addressing the needs between current conditions and desired conditions, often used in organizational training, project management, or product development contexts.

Training Program

A structured course of activities designed to develop and enhance skills, knowledge, and competencies in an individual or a group.

Outsourced Training

The practice of hiring external entities to conduct training programs for an organization’s employees.

Internal Recruiting

The process of filling job vacancies within an organization by considering current employees for promotion or transfer.