In Which of the Following Situations Is a Program to Reduce

question 12

Multiple Choice

In which of the following situations is a program to reduce inflation likely to have the highest costs?

• A)if the sacrifice ratio is high and the reduction is unexpected
• B)if the sacrifice ratio is high and the reduction is expected
• C)if the sacrifice ratio is low and the reduction is unexpected
• D)if the sacrifice ratio is low and the reduction is expected

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Definitions:

Employee Morale

The overall outlook, satisfaction, and confidence that employees feel towards their work and workplace environment.

Absenteeism

The habitual or frequent absence from work or duties without good reason, which can impact organizational productivity and morale.

Indirect Compensation

Benefits given to employees that are not paid directly as cash but contribute to their overall remuneration, such as insurance or retirement plans.

Bonuses

Additional financial compensation awarded to employees as a reward for their exceptional performance or achievement.