All of the Following Terms Are Used to Describe the Contingent

question 25

Multiple Choice

All of the following terms are used to describe the contingent workforce of an organization EXCEPT ________.

• A) seasonal employees
• B) part-time employees
• C) collateral workers
• D) temporary workers
• E) just-in-time workers

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Definitions:

Workers

Individuals engaged in any form of economic activity to earn a wage or salary, including both skilled and unskilled labor.

Total Cost

The complete cost of production that includes both variable and fixed costs.

Economics

The social science that studies how individuals, governments, firms and nations make choices on allocating scarce resources to satisfy their unlimited wants.

Farming

The practice of cultivating crops and raising livestock for food, fiber, biofuel, medicinal plants, and other products used to sustain and enhance human life.