During Layoffs and Firings,a Company Should

question 6

Multiple Choice

During layoffs and firings,a company should:

• A) avoid communicating the problem with employees.
• B) ensure layoff notices come as a surprise to employees.
• C) state reasons ambiguously to avoid confrontation.
• D) give the employee an honest reason for the layoff or firing.
• E) be professional by avoiding empathizing with affected employees.

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Definitions:

Revenues Equal Costs

A financial break-even point where the total revenues generated equal the total costs incurred.

Value Creation

The process through which businesses or organizations produce goods or services that are worth more than the cost of the inputs involved.

Customer Appeal

The attractiveness of a product or service to potential and existing customers, often influencing their purchasing decisions.

Just-in-time Scheduling

A strategy used in manufacturing and production that aligns raw-material orders from suppliers directly with production schedules to reduce inventory costs.