Technical Solutions Inc

question 57

Multiple Choice

Technical Solutions Inc.,a leading software solutions firm in Dallas with 1000 employees,is facing a financial crunch because of the economic downfall.Several of its key investors have backed out,and it has lost some projects to its competitors.The CEO of the company considers cost-cutting measures to turn around the organization.An analysis of the situation reveals that many of its employees have become redundant as their work roles have reduced considerably.The firm also employs a large number of people who are almost at the retirement age.Which of the following measures will be most appropriate for the company,from a business perspective?

• A) downsizing
• B) vertical integration
• C) outsourcing
• D) diversification
• E) market penetration

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Definitions:

Compassion Fatigue

A condition of emotional exhaustion and reduced ability to empathize or feel compassion for others, often experienced by healthcare professionals and caregivers.

Social-cognitive

Relates to understanding how people process, store, and apply information about others and social situations, intertwining cognitive processes with social interactions.

Chronically Depressed

Experiencing depression or depressive symptoms persistently over an extended period.

Achievements

The successful completion of tasks or attainment of objectives, measured against known standards of excellence.