Final answer:
Advantages of level scheduling (same production each period-no hiring/layoffs) include stable employment, lower absenteeism, and matching production exactly with sales.
Step-by-step explanation:
Level scheduling, which involves maintaining the same production each period without hiring or layoffs, offers several advantages for firms. Stable employment is one benefit, as level scheduling provides job security and reduces employee turnover. Lower absenteeism is also a positive outcome, as employees are more likely to be committed to their work when they have stable and predictable schedules. Additionally, matching production exactly with sales is another advantage. However, one disadvantage of level scheduling is that it may not allow for lower costs associated with reducing production during times of low demand.