What do Freeman and Medoff suggest is improved due to the shock effect?
A) firm efficiency
B) health and safety
C) staffing flexibility
D) innovation

Question

Quizplus · Accepted Answer

In their study, Freeman and Medoff suggest that the shock effect from events such as natural disasters or economic recessions can improve a firm's efficiency by forcing it to reevaluate and streamline its operations. Additionally, it can lead to increased staffing flexibility as firms may need to adjust their workforce in response to changes in demand or supply. While health and safety and innovation may also be impacted by the shock effect, there is not enough information in the question to support those choices as correct answers.

What Do Freeman and Medoff Suggest Is Improved Due to the Shock