When Employees Are Allowed to Self-Select Out of the Company

question 4

Multiple Choice

When employees are allowed to self-select out of the company and are given inducements to leave,including buyouts or early retirement packages,this is called __________ downsizing.

• A) self-selection-based
• B) performance-based
• C) competency-based
• D) salary-based

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Definitions:

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, with 1 indicating certainty.

Uniform Distribution

An equal likelihood for all outcomes characterizes this probability distribution.

Waiting Time

The duration of time that passes from a specified point until a particular event occurs, often analyzed in queueing theory to improve service processes.

Standardize

The process of adjusting values measured on different scales to a notionally common scale, often used in statistical analysis to compare data points.