When Organizations Are Downsizing the Number of Employees in the Hierarchy

question 1

Multiple Choice

When organizations are downsizing the number of employees in the hierarchy, this usually involves a ____ strategy.

• A) growth
• B) retrenchment
• C) stability
• D) business
• E) diversification

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Definitions:

Flood

A flood is an overflow of water that submerges land that is usually dry, often caused by heavy rain, melting snow, or dam failure, leading to potential damage and loss.

Von Neumann-Morgenstern

A theory of expected utility, which provides a method for making decisions based on the expected outcomes of various choices.

Expected Value

A statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen.

Natural Logarithm

A mathematical function denoted as ln(x), representing the time needed to reach a certain level of growth at a constant growth rate of 100%.