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The EPA Has Ordered Joyce to Either Shut-Down Her Sulfur

question 16

Multiple Choice

The EPA has ordered Joyce to either shut-down her sulfur plant or pay a 5 million dollar fine for polluting the environment.Joshua, a good friend of Joyce, feels that the order is unreasonable and files suit to restrain the EPA from enforcing the order.Assuming that the EPA had no power to issue the order:

Recognize the importance of strategic planning and consideration of costs in downsizing efforts.
Identify the impacts of downsizing on organizational reputation and responsibility.
Comprehend the various downsizing strategies and the rationale behind them.
Assess the consequences of downsizing on employee behavior and morale.

Definitions:

Classical Economists

Economists from the 18th and 19th centuries who focused on the free market, advocating for limited government intervention.

Keynesian

Relating to the economic theories of John Maynard Keynes, advocating for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.

Classical

Pertains to the classical school of economic thought, focusing on free markets and the self-regulating nature of economies, emphasizing the roles of competition and supply and demand.

Monetarists

Monetarists are economists who believe that variations in the money supply have major influences on national output in the short run and the price level over longer periods.

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