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U.S.employees who formerly wanted to contribute to a retirement plan typically had to choose to lower their take-home pay.Now companies are being encouraged to enroll their employees in the plan automatically while allowing them to choose to opt out of the plan.Under the new opt-out system,enrollments soared.This best illustrates the impact of:
Crisis Management
The process by which a business or organization deals with a disruptive and unexpected event that threatens to harm the organization or its stakeholders.
Formal Programs
Structured and officially sanctioned plans or initiatives designed to achieve specific goals within an organization, such as training employees or improving processes.
Nonprogrammed Decisions
Are created to deal specifically with a problem at hand.
Reordering Inventory
A management process that involves replenishing stock to ensure sufficient quantities are available to meet customer demands.
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