This Is a Way in Which Companies Often Trim Their

question 15

Multiple Choice

This is a way in which companies often trim their payroll responsibilities by encouraging higher paid workers with more seniority to voluntarily leave the company earlier than previously planned.

• A) resignation plans
• B) severance plans
• C) early retirement programs
• D) employee expenditure plans

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Definitions:

Human Resource Approach

A management strategy focusing on the development, well-being, and optimization of an organization's workforce.

Satisfying Social Relationships

Interactions and connections with others that fulfill emotional, psychological, and social needs, leading to a sense of contentment and well-being.

Management Science

Uses mathematical techniques to analyse and solve management problems.

Operations Research

The application of advanced analytical methods to help make better decisions, using techniques from mathematics, science, and engineering.