BioMd Is a Manufacturer of High-End Medical Diagnostic Equipments

question 34

Multiple Choice

BioMd is a manufacturer of high-end medical diagnostic equipments.The company's revenues and profit margins have come under pressure during the last two years because of decline in product demand.Daisy Howell,the CEO of the company,calls for a senior management meeting to finalize the strategies to be adopted to tackle the dip in profit margins.In the meeting,most managers argue in favor of using downsizing as a means to reducing costs and improving margins.However,Daisy strongly argued for the use of layoffs instead of downsizing.Which of the following,if true,would most strengthen Daisy's argument?

• A)The organization has a business-based target for reducing the number of employees.
• B)Major hospital chains have announced plans to open up more facilities in the coming year.
• C)An internal demographics review has shown that about ten percent of the firm's employees would retire within three years.
• D)Worker Adjustment and Retraining Notification Act applies to the organization as it has more than hundred employees.

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Definitions:

Service Sector

The segment of the economy that provides intangible goods and services, such as healthcare, education, and financial services.

Trading Nation

A country whose economy is highly engaged in international trade, evidenced by a high ratio of exports and imports to its gross domestic product.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to a net outflow of domestic currency to foreign markets.

Remained

Stayed in the same place or condition; continued to be.