Sandeep Has Been Fired from His Managerial Position

question 8

Multiple Choice

Sandeep has been fired from his managerial position. His organization provides services to help him become employable and find a suitable position elsewhere. What are these services called?

• A) coaching
• B) mentoring
• C) outplacement
• D) relocation

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Definitions:

Compensation

Payments or benefits provided to employees in exchange for their services or to cover losses or damages.

Managerial Economics

An academic discipline that applies microeconomic theory and quantitative methods to solve business decision problems.

Agency Costs

are expenditures or losses incurred from the conflict of interest between principals (owners/shareholders) and agents (managers).

Imperfections

Flaws, faults, or defects that prevent something from being perfect or completely correct.