Your Department Has Absenteeism Standards, a Way to Measure Absenteeism

question 78

Multiple Choice

Your department has absenteeism standards, a way to measure absenteeism, and, based on your investigation, you have concluded that your department has an excessive absenteeism rate. What should your next step be?

• A) Set new absenteeism standards.
• B) Develop new measures of absenteeism.
• C) Terminate three employees for excessive absenteeism.
• D) All of these would be good examples of taking corrective action.
• E) None of these

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Definitions:

Daily Profit

The financial gain calculated as the difference between revenue and expenses for a single day.

Capacity

The maximum output that a company can produce under normal conditions over a given period of time.

Marginal Costs

The uplift in total financial outlay required for the making of another unit of a product or service.

Cournot Duopolists

Firms in a market where only two producers exist and compete under the Cournot assumption, where each firm decides its production level assuming the output of its competitor is fixed.