The Use of Performance as a Layoff Criterion

question 92

Multiple Choice

The use of performance as a layoff criterion:

• A) usually protects firms from discrimination suits.
• B) disproportionately affects women and minorities.
• C) tends to eliminate older workers rather than younger workers.
• D) can be problematic due to inconsistent management documentation.

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Definitions:

Economic Reforms

Refers to changes implemented to improve an economy by modifying policies, regulations, and institutions.

Market Oriented Economy

An economic system where decisions on production and consumption of goods and services are based on voluntary exchange in markets, with minimal government intervention.

State Would Wither Away

A Marxist theory suggesting that after the establishment of a classless society, the need for a government or state will diminish and eventually disappear.

Capitalists

Individuals or entities that own capital goods or investments and use them to generate wealth through production, distribution, and the sale of goods and services.