Faced with incomplete information about the future national economic conditions, many employers have eschewed the tradition of h
iring full-time, permanent employees in favor of ________.A) hiring only high school graduates willing to work for lower wages B) a reduced work week of no more than 30 hours per week per employee
C) off-shoring as many jobs as possible to reduce costs associated with government-mandated programs
D) a flexible work arrangement that includes freelancers and temporary workers
The reason is that the company desires to emphasize control over the economic down turn. Most companies collapse in recession due financial distress. And salary of permanent employees is fixed cost which the company has to pay whatever the situation is. Using freelancer's facilities and temporary workers helps in controlling the cost of the product and ensures the survival of the company.
Margin of safety is a principle of investing in which an investor only purchases securities when their market price is significantly below their intrinsic value. ... Alternatively, in accounting, the margin of safety, or safety margin, refers to the difference between actual sales and break-even sales
