Even Though Explicit Contracts May Lead to Layoffs During Recessions

question 53

Multiple Choice

Even though explicit contracts may lead to layoffs during recessions, explicit contracts may still be efficient because such contracts

• A) guarantee that only the least-productive workers will be laid off.
• B) reduce unemployment effects.
• C) reduce negotiation costs.
• D) will equitably spread the layoffs among junior and senior workers.

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Definitions:

Organization Errors

Mistakes in the arrangement, planning, or structuring of activities, processes, or entities.

Written Messages

Forms of communication that involve texts, such as emails, letters, reports, or social media posts, allowing for asynchronous exchange of information.

Error-free Product

A product or result that is free from mistakes, inaccuracies, or defects, often achieved through meticulous checking and quality control.

Discriminatory Language

Language or phrasing that makes unfair distinctions or shows prejudice against individuals or groups based on personal characteristics such as race, gender, or age.