Each of the Following Is a Relatively Fast Method to Reduce

question 31

Multiple Choice

Each of the following is a relatively fast method to reduce an expected labor surplus EXCEPT

• A)work sharing.
• B)retraining.
• C)pay reduction.
• D)demotion.
• E)transfer.

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Definitions:

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash in the short term, such as property, plant, and equipment.

Current Assets

Items expected to be cashed in, liquidated, or expended within 12 months or throughout the duration of the business cycle, whichever period is greater.

Widgets

A generic term often used to refer to any product or manufactured item, used in discussions or examples about production and sales.

Overhaul

A comprehensive examination and repair of machinery or systems to ensure they operate efficiently.