The More Difficult It Is for a Firm to Adjust

question 75

True/False

The more difficult it is for a firm to adjust its labor force in the face of economic fluctuation, the more likely the firm is to hire new workers.

---

Definitions:

Flexible Work Hour Plans

Employment arrangements that allow workers to choose their work hours within specified limits.

Core Time

A period during the workday when all employees are expected to be at work, allowing for flexibility at the start and end of the day while ensuring a common time for collaboration.

Down Time

Periods when a machine, system, or employee is not productive, due to maintenance, repairs, or rest, which can impact overall operational efficiency.

Gainsharing

Is a team- and group-based incentive system designed to share the cost savings from productivity improvements with employees.