Which of the Following Strategies Should an Organization Adopt During

question 54

Multiple Choice

Which of the following strategies should an organization adopt during periods when its level of business is depressed?

• A)Still recruit, but focus on applicants who will take lower wages, while laying off higher-paid employees.
• B)Reformulate its organizational and HR strategies to reflect the change in the business cycle.
• C)Suspend all recruiting efforts and focus on reducing the total workforce.
• D)Reduce hiring, but keep in contact with outside recruiting sources.

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Definitions:

Mead

An alcoholic beverage created by fermenting honey with water, sometimes with various fruits, spices, grains, or hops added.

Demand Function

A mathematical representation that describes the relationship between the quantity demanded of a good and various factors that influence this quantity, such as price.

Consumer's Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Mead

An alcoholic beverage created by fermenting honey with water, sometimes with various fruits, spices, grains, or hops.