Labour Hoarding Refers To

question 79

Multiple Choice

Labour hoarding refers to:

• A)keeping workers in low-wage jobs in order to reduce labour costs.
• B)using less capital in production so that more workers will have jobs.
• C)continuing to employ workers during a recession to ensure they will be available in the recovery.
• D)contractually preventing workers from obtaining jobs with competing firms.

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Definitions:

Fraud

Consciously tricking someone in order to gain illicitly or to rob a victim of their rightful due.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with care of money, property, or confidential information.

Duress

Compulsion, force, or pressure exerted upon a person to coerce them into performing an act against their will or judgment.

Public Policy

Principals and standards considered to be in the interests of the public and used as a guide for lawmaking.