Some Disadvantages of Using Layoffs to Deal with a Labor

question 35

Multiple Choice

Some disadvantages of using layoffs to deal with a labor surplus include all fo the following EXCEPT:

• A) Organizational efficiencies aren't always achieved due to turnover that happens afterwards.
• B) They often have more of a short term rather than long term focus.
• C) The "survivors" of the lay off are sometimes just as impacted than those laid off.
• D) They quickly adjust the size of the workforce.
• E) Future hiring may be impacted by the lay off.

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Definitions:

Expected Value

The long-run average value of repetitions of the same experiment or random trial.

Sample Statistic

A measure derived from a sample portion of a population, typically used to estimate the characteristics of the entire population.

Population Parameter

A population parameter is a numerical value that represents a characteristic of an entire population, such as its mean or standard deviation.

Point Estimate

A statistical measure that provides the best single value estimate of a population parameter.