Some Companies Are Managing the Labour Shortage Created by Retiring

question 10

Multiple Choice

Some companies are managing the labour shortage created by retiring employees by which of the following?

• A) Offering "retirees on call" programs
• B) Offering bonuses to employees about to retire to stay on past normal retirement age
• C) Contracting out work performed by retiring employees
• D) Hiring younger workers who are able to work harder and longer hours than the older employees they are replacing
• E) Making greater use of information technology to automate functions performed by retiring employees

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Definitions:

Stockholders' Equity Accounts

These accounts represent the owners' equity in a corporation, including common stock, retained earnings, and additional paid-in capital.

Net Income

The net income a corporation earns once all costs, taxes, and expenses are deducted from the total revenue.

Earnings Per Share

A measure of a company's profitability, calculated as net income divided by the number of outstanding shares of its common stock.

Dividends

Funds disbursed to members of a corporation, commonly sourced from the company's profits.