This topic contains a solution. Click here to go to the answer

Author Question: The blackjack strategy illustrates a phenomenon called ________. A) representative heuristic B) ... (Read 97 times)

B

  • Hero Member
  • *****
  • Posts: 570
The blackjack strategy illustrates a phenomenon called ________.
 
  A) representative heuristic
  B) availability heuristic
  C) escalation of commitment
  D) unexpected events
  E) expected events

Question 2

What is downsizing and how is it best done? List and describe four ways of choosing who gets targeted during a downsizing.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Hdosisshsbshs

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

C

Answer to Question 2

Downsizing is the process of permanently reducing the number of a firm's employees so as to improve the efficiency or effectiveness of the firm. Downsizing is a popular way for organizations to attempt to improve their flexibility by reducing their bureaucratic structures, giving employees who have been retained by the firm the power to make decisions more quickly, and improving communication within the firm. A downsizing can also be done, however, in response to a merger or acquisition, revenue or market-share loss, technological and industrial changes, a restructuring, and inaccurate labor-demand forecasting.

If the choice of which employees to downsize is not constrained by a collective bargaining agreement (which usually mandates that union members with the most seniority be retained), there are several ways to choose who to target in a downsizing. Across the board downsizing requires all of a company's units to reduce their headcount by the same percentage. Geographic downsizing targets specific locations for employee reductions, perhaps due to the loss of an important customer. Business-based downsizing targets only certain segments of a business. In addition, downsizing can target specific functions or departments that need to be reduced, or specific positions or jobs that are overstaffed. Performance-based downsizing targets poor performers. When downsizing is seniority-based, the last people hired are the first people let go. If cost cutting is a goal of the downsizing, salary-based downsizing can help a firm reach this goal. This method involves targeting a firm's most highly paid employees. Competency-based downsizing involves retaining employees with the competencies the company expects to need in the future and downsizing employees who lack them. Downsizing can also be done through self-selection, if a firm offers its employees inducements to leave, such as early retirement packages or buyouts.




B

  • Member
  • Posts: 570
Reply 2 on: Jul 7, 2018
:D TYSM


meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

For a complete list of videos, visit our video library