A Layoff Is Typically Implemented by an Organization When

question 89

Multiple Choice

A layoff is typically implemented by an organization when:

• A) alternative methods for reducing labor costs are unavailable.
• B) most employees have less than 15 years of experience.
• C) the firm employs fewer than 100 workers.
• D) outplacement services are successful.

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Definitions:

Unemployment and Inflation

Two key indicators in economics, where unemployment measures the percentage of the workforce that is jobless, and inflation indicates the rate at which the general level of prices for goods and services is rising.

Cost/Benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives, used to determine options that provide the best approach to achieve benefits while preserving savings.

Expected Benefits

The anticipated advantages or positive outcomes that are predicted to result from a particular action or policy.

Uncertain Environments

Conditions wherein the outcome of business operations is unpredictable due to changing external factors.