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If OPEC Is an Effective Cartel

question 47

Multiple Choice

If OPEC is an effective cartel,

Understand the concept and prevalence of contingency workers within the workforce.

Recognize the variety of alternative work arrangements and their importance in modern organizations.

Identify the benefits and challenges associated with alternative work arrangements such as compressed workweeks, telecommuting, and flexible working hours.

Grasp the relationship between alternative work arrangements and employee productivity, satisfaction, and work-life balance.

Definitions:

Outplacement

Providing a program of counseling and job search assistance for workers who have been terminated.

Terminated Workers

Individuals who have had their employment contract ended by the employer, often due to redundancy, non-compliance, or organizational restructuring.

Counselling

A professional service offering guidance and support to individuals to help them resolve personal, social, or psychological challenges and improve their wellbeing.

Downsizing

The process by which a company reduces its size through layoffs, restructuring or closure, often in response to economic pressures.