The Startup Where Ha-Jin Works, Affiniti, Was Recently Acquired by Futurica

question 22

Multiple Choice

The startup where Ha-Jin works, Affiniti, was recently acquired by Futurica, a huge multinational conglomerate. Everyone at Affiniti was severely stressed by the many changes that accompanied the transition. Many of Affiniti's managers were let go and replaced by people from Futurica. For almost a week, Ha-Jin was not even sure who her direct supervisor was. On top of everything else, Affiniti people were given a huge manual of Futurica's company policies that they had to memorize in less than a week. It was chaos, and several of Ha-Jin's colleagues ending up handing in their notices. How could Futurica's management have handled the transition more effectively?

• A)by introducing new policies gradually and encouraging Ha-Jin and her co-workers to help take charge of implementing them
• B)by posting a chart in the conference room clearly comparing Futurica's performance with that of other high-performing organizations
• C)by moving quickly to implement all of the new policies as one and dealing with employee problems as they arise
• D)by making sure that all policy changes are treated like company secrets and discussed only by top Futurica managers

Understand long-run average cost and its importance in production decisions.

Differentiate between implicit costs and opportunity costs.

Understand the concepts of consideration and initiating structure and their impacts on leadership effectiveness.

Identify various traits investigated in leadership studies and differentiate relevant from irrelevant traits.

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Definitions:

Final Grade

The conclusive evaluation or assessment of a student's performance in a course, usually represented as a letter grade or percentage.

Adjusted Coefficient

A modified version of a coefficient in statistical models that accounts for the number of predictors or the sample size to avoid overfitting.

Multiple Regression

A statistical method that utilizes a number of predictor variables to determine the outcome of a criterion variable.

Life Expectancy

An average estimate of the number of years a person or organism is expected to live, based on statistical analyses of age-specific mortality rates.