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Why Would a Company Be More Enthusiastic in Providing More

question 12

Essay

Why would a company be more enthusiastic in providing more training to its workers during an economic downturn than during an economic boom (assuming that they do not layoff their workers and can keep them when the economy recovers)?


Definitions:

Consensus

A general agreement among the members of a group or community, reflecting a common opinion or shared position on a particular issue.

High-Status Person

An individual who holds a position of authority or esteem in a social hierarchy, often influencing group dynamics and decisions.

Hierarchically Organized Group

Hierarchically organized groups have a clear structure with different levels of authority or status, guiding decision-making processes and roles within the group.

Communications

The process of creating, sending, receiving, and interpreting messages through verbal, non-verbal, written, and electronic means.

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