A) The company must use an early retirement strategy because it helps old employees retire sooner, thereby solving the labor surplus issue.
B) The company must focus on natural attrition whereby employees leave the company on their own, as this will reduce the burden of firing surplus employees.
C) The company must freeze their hiring practices, which will result in balancing the number of employees and the demand for work over a period of time.
D) The company must implement pay reductions as this will help the company get rid of less motivated employees.
E) The company must implement work sharing, which will take up the time of extra workers and help complete projects faster.
Correct Answer
verified
Multiple Choice
A) It refers to contracting with another organization to perform a broad set of services.
B) It refers to finding cheap resources in another country to gain a competitive advantage.
C) It refers to using a temporary or contract employee to fill a single job vacancy.
D) It refers to buying the necessary raw materials needed to conduct business from external suppliers.
E) It refers to moving operations away from the home location to increase cost savings.
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verified
True/False
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verified
True/False
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verified
True/False
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verified
Multiple Choice
A) early retirement
B) downsizing
C) natural attrition
D) retraining
E) hiring freeze
Correct Answer
verified
Multiple Choice
A) reduce hiring of workers from colleges and universities.
B) increase hiring costs to match industry standards.
C) avoid taking risks.
D) gain an advantage over competitors.
E) replace technology with highly skilled workers.
Correct Answer
verified
Multiple Choice
A) Core competencies can be effectively outsourced to contractors.
B) A company is not supposed to directly supervise the contractors.
C) It is a relatively slow process with low revocability.
D) An organization can achieve increased quality though the costs are more.
E) It provides an organization with increased control over the operations.
Correct Answer
verified
Multiple Choice
A) Leading indicators
B) Trend analyses
C) Transitional matrices
D) Due-process policies
E) Employment-at-will contracts
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verified
True/False
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verified
True/False
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verified
Multiple Choice
A) Research indicates that most organizational positions are filled internally.
B) Internal recruitment sources expose an organization to new ideas or new ways of doing business.
C) Internal recruiting minimizes the possibility of unrealistic employee expectations.
D) Employee referrals are the most common source of job applicants for internal recruitment.
E) Internal sources are most appropriate for specialized upper-level positions.
Correct Answer
verified
Multiple Choice
A) They must consider downsizing because it is the fastest way to fix a labor surplus.
B) They must consider natural attrition because the company has enough time to deal with the labor surplus without causing suffering to the employees.
C) They must reduce employees' pay as this will lead to demotivated employees quitting the organization; consequently, the labor surplus problem will be solved.
D) They must choose a hiring freeze strategy because it slows down the attrition rate.
E) They must consider demoting low-performing employees, which will eventually solve labor surplus problem.
Correct Answer
verified
True/False
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verified
Multiple Choice
A) Downsizing improves long-term organizational effectiveness.
B) The negative effect of downsizing is especially low among firms that engage in high-involvement work practices.
C) Downsizing often disrupts the social networks through which people are creative and flexible.
D) The negative impact of downsizing is especially low for those organizations that emphasize research and development.
E) Downsizing campaigns only eliminate people who are replaceable.
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verified
True/False
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verified
True/False
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verified
Essay
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verified
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True/False
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verified
Essay
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verified
View Answer
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