General Motors,Ford and Daimler Chrysler Are Closing Numerous Factories and Laying

question 13

Essay

General Motors,Ford and Daimler Chrysler are closing numerous factories and laying off thousands of employees.Based on the research on procedural justice,what recommendations could you make to the firms to be fair with those individuals?

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Definitions:

Capacity Level

Capacity level refers to the maximum level of output that a company can sustain to produce in a given period under normal circumstances.

Pro Forma Statements

Financial statements prepared based on certain assumptions and projections, often used for forecasting or planning future financial performance.

Financial Planning

The process of creating strategies for managing finances to achieve personal economic satisfaction, including budgeting, savings, investments, and future planning.

Financial Plan

A comprehensive evaluation of an individual's or organization's current and future financial state by using current known variables to predict future income, asset values, and withdrawal plans.