Bank of America's Plan to Reduce the Workforce in Its

question 55

Multiple Choice

Bank of America's plan to reduce the workforce in its consumer banking unit by thousands will

• A)have a negative effect on managers.
• B)result in a gain in company assets.
• C)take a heavy toll on individual workers and local communities.
• D)have a positive effect on individual workers and local communities.
• E)take a heavy toll on stockholders.

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Definitions:

Socialized Power Orientation

A leadership approach focused on using power primarily for the benefit of others rather than for personal gain.

Empower Subordinates

Providing lower-level employees with the authority and confidence to make decisions and take action in their roles.

Social Objectives

These refer to the goals or aims that benefit society as a whole, often focusing on issues like welfare, education, and environmental protection.

Key Trait

A distinguishing characteristic or quality that contributes significantly to the behavior, abilities, or performance of an individual.