This Question Contains Two Parts; Be Sure to Answer Both

question 67

Essay

This question contains two parts; be sure to answer both.
First, define formal communication in an organization.
Second, imagine that you manage a company that is going through layoffs. The company plans to lay off 15 percent of the workforce. Provide an example of how you might use each of the three types of formal communication to communicate with employees about the layoffs.

Analyze the intersection of Rotter's locus of control and Bandura's self-efficacy theories.

Understand Zuckerman's Sensation Seeking Scale and its implications.

Comprehend the phenomenon of learned helplessness and its relationship with locus of control.

Understand the concept and implications of sensation seeking in personality psychology.

---

Definitions:

Investment Centers

Parts of an organization with direct control over investments and revenues, and responsibility for generating profits, often evaluated through return on investment (ROI) measures.

Profit Centers

Sections or branches of a business that are responsible for generating revenue and are evaluated based on their profitability.

Cost Centers

Parts of an organization that do not directly produce revenue but incur costs, for which managers are responsible for controlling expenses.

Centralized Business Organization

A management structure where decision-making authority is concentrated at the top levels of the organization, with few people responsible for making decisions and setting policies.