Show Recommended textbook solutions Principles of Economics8th EditionN. Gregory Mankiw 1,209 solutions Krugman's Economics for AP2nd EditionDavid Anderson, Margaret Ray 1,000 solutions Krugman's Economics for AP2nd EditionDavid Anderson, Margaret Ray 1,042 solutions Essentials of Investments9th EditionAlan J. Marcus, Alex Kane, Zvi Bodie 689 solutions This preview shows page 2 - 4 out of 11 pages. 8)Which of the following options for reducing an expected labour surplus is a relatively slow solution,but hasthe benefit of being low in suffering caused?A)DemotionsB)Natural attritionC)DownsizingD)TransfersE)Pay reductionsAnswer:B 9)Which of the following options for reducing an expected labour surplus has the benefit of being arelatively fast solution and is NOT high in human suffering? Get answer to your question and much more 10)Which of the following options for avoiding a labour shortage is slow in achieving results andprovides a low ability to change later? Get answer to your question and much more 11)Your company's primary concern is to reduce an expected labour surplus fast; its secondary concernis tominimize human suffering. The options that would best address the company's concerns (in thepriorityindicated) are: Get answer to your question and much more D)downsizing and pay reductions.E)early retirement and retraining.Answer: A12)Forecasting indicates your company needs to reduce its white-collar workforce in order to avoid alaboursurplus in the next three to five years. Consistent with the corporate culture it wants tomaintain, yourcompany places a higher priority on minimizing human suffering than on achievingthe labour reductionquickly. The options that are most consistent with these priorities are:A)early retirement and retraining.B)pay reductions and transfers.C)demotions and transfers.D)transfers and reducing hours.E)natural attrition and transfers.Answer:A 13)Which of the following options for avoiding an expected labour shortage has the benefit of being arelatively fast solution while maintaining the ability to change later? Get answer to your question and much more 14)A small company that manufactures special-order wood furniture has kept its employees busy on a40-hour-a-week schedule for the past two years. The company just received the largest contract inits historyfrom a European company opening offices in the area. There is no expectation of repeatbusiness from theEuropean company. In order to complete the contract in the required threemonths, additional skilled woodworking employees are needed. Under these circumstances, to avoidanexpected labour shortage, the best option would be: Get answer to your question and much more Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 11 pages? Upload your study docs or become a Course Hero member to access this document What is the best strategy to deal with labor surplus?In any situation involving a labor surplus, don't hire new workers. A hiring freeze is a necessary step while your company's management team determines the best path forward. In addition, you should end contracts with outsourced talent and transfer those tasks to internal labor instead.
Which option for reducing a labor surplus causes a high amount of suffering multiple choice question?5-10. When reducing expected labor surpluses, downsizing provides fast results at the expense of a high amount of human suffering.
How can surplus situations be reduced?No matter which methods you use for dealing with a labor surplus, consider the indirect effects.. Layoffs. Reducing a labor surplus via layoffs may seem obvious, but a lot depends on the cause of the surplus. ... . Outsourcing. ... . Retraining. ... . Hiring Freeze. ... . Buyouts and Retirement. ... . Pay Cuts. ... . Modified Plans. ... . Seasonal Hiring Policies.. What strategy is often used by companies when there is a labor surplus?The company must consider downsizing because it is the quickest way to deal with a labor surplus that results in financial losses.
|
Which of the following options for reducing an expected labor surplus has the benefit of being a relatively fast solution?
Urheberrechte © © 2024 decemle Inc.
