If Overstaffing Is Expected,the Main Options Are All EXCEPT Which

question 81

Multiple Choice

If overstaffing is expected,the main options are all EXCEPT which of the following?

• A) To transfer employees
• B) To not replace people who quit
• C) To encourage early retirement
• D) To limit production
• E) To lay people off

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Definitions:

Total Economic Cost

The sum of explicit and implicit costs associated with a business activity or decision, considering both direct financial outlays and opportunity costs.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision.

Production

The process of creating goods or services by combining labor, materials, and capital.

Technological Improvement

The advancement or enhancement of technology, leading to increased efficiency, productivity, or quality in processes or products.