Additional Case 6.1 Central Enterprises Is Suffering an Economic Downturn, and the Workforce

question 138

Multiple Choice

Additional Case 6.1
Central Enterprises is suffering an economic downturn, and the workforce needs to be reduced. Upper-level managers are debating the costs and benefits of various employee separations. Brian argues that the company needs to make immediate cuts to both management and labor. The cuts need to be made in such a way that the scope of the company and its markets are not affected. The firm needs to do more with fewer people according to Brian.
Other managers want to take a long-term, less traumatic approach. According to Natalie, the firm has time to consider the problems and gradually reduce the workforce rather than making sudden staff cuts. Natalie points out that 35% of the workforce is over age 62.
The VP of HR, LaTisha, wants the least disruptive reduction process possible. LaTisha just finished a major labor negotiation with the union and is not ready for another. She points out that turnover has been fairly high. Along with considering workforce reductions, LaTisha wants to know why people are leaving the company voluntarily
-Refer to Additional Case 6.1.Brian would most likely advocate a strategy of:

• A) attrition.
• B) downsizing.
• C) rightsizing.
• D) early retirements.

Understand the legal and practical implications of tenancies by the entirety in terms of property ownership between married couples.

Understand the role of deeds in the conveyance of property and the assurances they provide.

Comprehend the concept of adverse possession and the conditions under which it applies.

Recognize the role of restrictive covenants in property use and ownership.

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Definitions:

Consumption Expenditures

The total amount spent by consumers on goods and services.

Net Capital Outflow

The investment gap where residents of a country engage in foreign asset acquisition versus foreign entities buying up local assets.

Net Exports

The value of a country's total exports minus its total imports, representing the balance of trade between a country and its trading partners.

Saving

The portion of income not spent on consumption, often put aside for future use or investment.