Which of the Following Is a Step Taken by Companies

question 51

Multiple Choice

Which of the following is a step taken by companies when there is a labor surplus?

• A) hiring better employees
• B) using attrition if they have planned far enough in advance
• C) promoting current employees to new positions
• D) outsourcing work to contractors
• E) using their compensation policy to attract talent

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Definitions:

Central Limit Theorem

The Central Limit Theorem is a statistical theory that states that the sampling distribution of the sample mean approaches a normal distribution, regardless of the population's distribution, given a large enough sample size.

Population

All members or elements under consideration in statistical studies make up this group.

Standard Error

A measure of the statistical accuracy of an estimate, calculated from the standard deviation of a sampling distribution.

Sample Size

The number of observations or replicates included in a statistical sample, crucial for the reliability and accuracy of the study or experiment.