Workers employed by small businesses are much less likely to be laid off during an economic downturn than workers in major corporations.

Question

Quizplus · Accepted Answer

This statement is false. During an economic downturn, small businesses may struggle to stay afloat and may not have the financial resources to keep all their employees. On the other hand, major corporations may have more stable financial resources and may be able to weather the economic storm better, allowing them to keep more of their employees. Ultimately, whether a worker is laid off or not during an economic downturn depends on many factors, including the nature of their job, the industry they work in, and the financial health of their employer.

Workers Employed by Small Businesses Are Much Less Likely to Be