When an Organization Faces a Slow-Down in Business Activity, There

question 157

Multiple Choice

When an organization faces a slow-down in business activity, there may be a reduction in the number of hours employees work in order to avoid layoffs.This is called

• A)reduction contingency.
• B)job contingency.
• C)work sharing.
• D)work sustainability.
• E)layoff avoidance.

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Definitions:

Innovative Unit

A group, team, or department within an organization that focuses on developing new ideas, products, or methods, often working to solve complex problems or explore creative solutions.

Established Firm

A company or business entity that has been operational and active in its industry for a considerable period, indicating stability and experience.

Ambidextrous Organization

An organization capable of efficiently managing and exploiting existing competencies while simultaneously exploring and innovating new opportunities.

Organic

In organizations, refers to structures or processes that are flexible, adaptable, and decentralized; in agriculture, pertains to farming practices that avoid synthetic chemicals.