Underemployment Occurs When

question 134

Multiple Choice

Underemployment occurs when:

• A)​a firm hires fewer than the required number of workers, to save costs.
• B)​a firm hires workers who do not possess the required skills that the job demands.
• C)​a worker is over qualified and possesses more skills than what his job demands.
• D)​a firm hires more than the required number of workers.

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Definitions:

Specific Departments

Specialized units or divisions within an organization, each focusing on a certain area of operation or expertise.

Product Price

The amount of money required to purchase a specific product or service, often influenced by production costs, market demand, and competition.

Lower Costs

The process or strategy of reducing expenses incurred in operations, production, or providing services to increase profitability.

Competitive Advantage

A unique attribute or position that allows a company to outperform its competitors.