It Is Challenging for HR Managers to Deal with a Declining

question 257

True/False

It is challenging for HR managers to deal with a declining economy that results in a short-term preference for part-time and/or temporary employees;and,a trend to outsource jobs,even though there are skilled employees who are willing to work.
Today's HR managers are faced with a declining economy where cost-saving measures such as hiring part-time and/or temporary employees have become a short-term solution.Due to the fact that employees in developing nations are willing to work for lower wages,companies have elected to outsource many jobs.

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Definitions:

Demand For Fast Food

The consumer request for quick-service restaurants offering expedited food services.

Output Effect

The change in total product output that results from an alteration in economic variables such as demand, supply, or investment.

Price Of A Resource

The cost associated with acquiring a resource necessary for production, such as labor, raw materials, or capital.

Marginal Revenue Product Schedule

This schedule outlines how the marginal revenue product (the additional revenue generated by employing one more unit of a resource) changes as the quantity of the resource employed increases, holding other factors constant.