Potential GDP Is Defined as the Level of Aggregate Output

question 8

Multiple Choice

Potential GDP is defined as the level of aggregate output at which

• A)there is only cyclical and frictional unemployment, and capital equipment is being used at 100 percent capacity.
• B)all factors of production are employed at their "normal" utilization rates.
• C)the unemployment rate is zero.
• D)there is only cyclical and structural unemployment.
• E)all factors of production are employed at 100 percent capacity.

Understand the concept and objectives of downsizing and its implications on organizations.

Distinguish between workforce reduction, work redesign, and systemic change as strategies of downsizing.

Identify the impact of downsizing on organizational culture and employee morale.

Differentiate between outsourcing, offshoring, and outplacement within the context of organizational restructuring.

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Definitions:

SCM

The directive process of managing the flow of physical goods, associated information, and financial transactions from the point of supply through manufacturing stages to the wholesaler, retailer, and ultimately to the consumer is the essence of Supply Chain Management.

Interorganizational

Interorganizational pertains to the relationships or interactions between different organizations, often involving collaboration, partnerships, or competition across organizational boundaries.

Intraorganizational

Pertaining to activities, processes, or interactions that occur within a single organization.

Extraorganizational

Activities, processes, or relationships that exist or occur outside of an organization's own boundaries.