Question

Which of the following is an advantage of pursuing the​ employment-stability policy of follow demand exactly​? A. Minimizes labor planning B. Requires a large seasonal workforce C. Minimizes​ hiring, layoff, and unemployment costs D. Keeps direct labor costs tied to production

Answer 1

Answer:

C. Minimizes​ hiring, layoff, and unemployment costs

Explanation:

The employment-stability policy is a policy that aims to provide security and stability to employees of a company or industry. For workers, this is good because it creates greater security for planning the future of their lives. For businesses, it all depends. If workers keep output at a good level, firms will gain by reducing their spending on hiring research and layoffs.

There is a discussion among economists about the effectiveness of this policy for the economy. Some find it beneficial and others find it can slow down the productivity of workers and the economy as a whole.