If the Number of Employees Who Quit, Are Fired, or Retire

question 32

Multiple Choice

If the number of employees who quit, are fired, or retire increases while the hiring of new employees declines, this indicates that the

• A)labour demand curve is shifting to the right.
• B)labour supply curve is shifting to the right.
• C)labour demand curve is shifting to the left.
• D)labour supply curve and labour demand curve are both shifting to the right.

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Definitions:

Crisis Situation

An urgent, high-stakes challenge or emergency that demands immediate and strategic response from an organization.

Strategic Planning Principles

Guiding concepts for developing strategies that align with an organization's mission, vision, and goals while being responsive to the external environment.

Assessment Phase

The initial stage in a project or plan where the current situation is analyzed, needs are identified, and objectives are defined to guide future actions.

Implementation

The process of putting plans, strategies, or policies into action to achieve objectives.