Because of the harsh and severe times that come as a result of the recent economic downturn, ARV Inc. is implementing measures to cut spending and tighten its budget to avoid layoffs. These are referred to as _________ measures.
A) labor
B) austerity
C) arbitration
D) networking

Question

Quizplus · Accepted Answer

Austerity measures refer to actions taken by a government or organization to reduce spending and cut budget deficits, often through measures such as decreased government or organizational spending, increased taxes, and reduced benefits to employees. Layoffs may still occur, but implementing austerity measures can help minimize the need for them. Therefore, option B is the best choice for the given scenario.

Because of the Harsh and Severe Times That Come as a Result