XYZ Inc Decided to Lay Off a Relatively Large Proportion of of Their

question 2

Multiple Choice

XYZ Inc. decided to lay off a relatively large proportion of their employees due to poorer-than-anticipated financial performance. What is this an example of?

• A) proactive change
• B) transformational change
• C) transitional change
• D) reactive change

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Definitions:

New Innovative Unit

A specialized group or department within an organization focused on developing innovative strategies, products, or services.

Market Mechanisms

The various processes and systems through which goods, services, and securities are traded in a market, determining prices through supply and demand.

Formal Lines

refer to the established, official communication channels and organizational structures in a company or institution, designed to facilitate order and efficiency.

Authority

The power or right to give orders, make decisions, and enforce obedience.