What Are Three Types of Downsizing Strategies

question 116

Multiple Choice

What are three types of downsizing strategies?

• A)systematic change,service reduction,restructuring
• B)systematic change,work design,employee layoffs
• C)work redesign,workforce reduction,systematic change
• D)work redesign,bottom-line cost cutting,workforce reduction

Distinguish between the concepts of internalizing externalities and the role of property rights in this process.

Understand the relationship between marginal social benefit, marginal social cost, and the efficient quantity of pollution or externalities.

Understand the concept of marginal social benefits and costs in the context of pollution from coal mines.

Recognize the efficient quantity of pollution where marginal social benefit equals marginal social cost.

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Definitions:

Financial Assets

Assets that derive value because of a contractual claim, such as stocks, bonds, bank deposits, and other investments.

Derivative Securities

Financial instruments whose value is derived from the value of an underlying asset, such as futures, options, and swaps.

Consumer Durables

Goods that are not consumed with their use and can be used over a longer period, such as appliances, vehicles, and electronics.

Real Assets

Tangible, physical assets such as real estate, commodities, and natural resources, which have intrinsic value due to their substance and physical properties.