Outplacement Services Seek to

question 60

Multiple Choice

Outplacement services seek to

• A) minimize the severance costs to workers.
• B) place displace workers in other jobs within the same company.
• C) provide employee benefits to displaced workers for at least one year.
• D) minimize cost and disruption to the company and maximize benefits to the displaced workers.

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Definitions:

Free-Rider Problem

A situation in which individuals consume more than their fair share of a public resource, or shoulder less than a fair share of the costs of its production, without contributing to its provision.

Coase Theorem

Under certain conditions, when externalities are present, private parties can arrive at the efficient solution without government involvement.

External Cost

External cost is a cost incurred by a third party who did not agree to the action that caused the cost, often seen in pollution or other forms of environmental impact.

MC

An abbreviation commonly used for "Marginal Cost," which refers to the additional cost incurred by producing one more unit of a good or service.