You Are a Manager Forced to Layoff Certain Employees

question 42

Multiple Choice

You are a manager forced to layoff certain employees. What is the primary objective that should guide your treatment of these individuals?

• A) To make the process as quick and painless to the company as possible.
• B) To ensure the grapevine is passing truthful information.
• C) To ensure layoff survivors understand why they were not chosen.
• D) To allow the terminated employee to maintain personal dignity.

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Definitions:

GDP Deflator

An economic metric that converts output measured at current prices into constant-price output, making it possible to compare the real value of aggregate production across different periods.

Base Year

A reference year used in economic index calculations, price comparisons, and economic data to account for the effects of inflation.

Unreported Income

Earnings not declared to tax authorities, often to evade taxation; part of the informal or shadow economy.

GNP

Gross National Product is the total dollar value of all goods and services produced over a specific time period by the nationals of a country, regardless of where the production takes place.