During 2009, General Motors Announced That It Would Close Its

question 85

Multiple Choice

During 2009, General Motors announced that it would close its Saturn facilities in the United States
Because of the foreign competition it faced. This corporate move

• A)increased structural unemployment.
• B)decreased frictional unemployment.
• C)increased avoidable unemployment.
• D)increased cyclical unemployment.
• E)had no impact on unemployment.

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Definitions:

Performance Appraisal

A performance appraisal is the specific and formal evaluation of an employee to determine the degree to which the employee is performing his or her job effectively.

Firm-level Performance

Measurement of a company's effectiveness and efficiency in generating profit, productivity, and overall growth.

Merit-pay Plans

Are compensation plans that formally base at least some meaningful portion of compensation on merit.

Compensation Plans

Formalized programs developed by organizations to determine how employees are remunerated for their work, including salaries, bonuses, and benefits.