The Advantage of Attrition as a Means of Reducing an Employee

question 16

Multiple Choice

The advantage of attrition as a means of reducing an employee surplus is that:

• A) it is a fast process
• B) it guarantees the loss of the most expendable employees
• C) it does not involve resignation or retirement
• D) it usually presents the fewest problems to the organization
• E) it does not include employees who die at work

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Definitions:

Payoff

The return or reward from an investment or decision, often evaluated in terms of profit or benefit gained.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies if other players keep their strategies unchanged.

Two-Person Game

A strategic interaction between two players where the choices of each player affect the outcome for the other, typically analyzed in game theory.

Strategies

Plans of action designed to achieve a long-term or overall aim, commonly applied within contexts such as business, military, and gaming.