Which of the Following Strategies Can Be Legally Adopted by Organizations

question 51

Multiple Choice

Which of the following strategies can be legally adopted by organizations looking to restructure the workforce to minimize the expense of benefits?

• A) using more independent contractors rather than hiring additional employees
• B) limiting the coverage on life insurance based upon an employee's age
• C) using more full-time rather than part-time employees
• D) recruiting new employees instead of demanding overtime from existing employees
• E) substituting HMO and PPO plans with traditional health insurance plans

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Definitions:

Price Elasticity

A determination of how price fluctuations affect the demand level for a good.

Demand Coefficient

A numerical measure of the sensitivity of demand for a good or service to a change in one of its determinants, such as price, income, or the price of related goods.

Buyer Responsiveness

THe degree to which consumers change their demand for a product or service in response to changes in its price or attributes.

Fixed Costs

Business expenses that remain constant regardless of the level of production or business activity, such as rent, salaries, and loan payments.