Question :
31) Dixon Enterprises needs to reduce its long-term workforce. The : 1346241
31) Dixon Enterprises needs to reduce its long-term workforce. The firm wants to reduce the scale and scope of its business to improve financial performance. The company is most likely:
A) conducting a layoff.
B) downsizing.
C) buying out the workforce.
D) rightsizing.
32) If a business is downsizing, it is most likely:
A) offering training and development opprotunities to new hires.
B) improving worker efficiency through reorganization.
C) reducing the size and scope of the business.
D) offering early retirements to older workers.
33) A firm with too many management layers and bureaucratic work processes would most likely benefit from:
A) rightsizing.
B) discharges.
C) downsizing.
D) early retirements.
34) The major difference between downsizing and rightsizing is that:
A) rightsizing reduces the size and scope of a business, while downsizing reorganizes the business.
B) more workers are likely to lose their jobs during rightsizing than during downsizing.
C) downsizing reduces the size and scope of a business, while rightsizing reorganizes the business.
D) rightsizing attempts to improve financial performance, while downsizing attempts to increase efficiency.
35) One of the most popular alternatives to layoffs is:
A) inducing quits.
B) offering early retirement.
C) providing outplacement services.
D) transferring workers to other plants.
36) What are the two primary features of early retirement programs?
A) Exit interviews and open windows
B) Open windows and financial incentives
C) Outplacement services and financial incentives
D) Health-care benefits and lump-sum payments
37) Elizabeth is a 59-year-old account representative at a large bank. Due to the increasing popularity of online banking, the bank has more employees than it needs. Recently, the bank has offered early retirement to account representatives between the ages of 55 and 65 who have been with the company for a minimum of 15 years. Four employees, including Elizabeth, meet these requirements. It is most likely that:
A) the bank is violating the Equal Pay Act by forcing female employees to retire.
B) the bank is violating the Age Discrimination Act by forcing Elizabeth to retire.
C) Elizabeth has received poor performance appraisals for many years.
D) Elizabeth must make her decision by a specific date.
38) It is most likely true that early retirement programs:
A) can substantially reduce the size of a company’s workforce.
B) usually drive stock prices up because of the reduced overhead.
C) have minimal effect on reducing the size of a company’s workforce.
D) typically require little effort from HR to generate large financial returns.
39) Which of the following is a common problem with early retirement programs?
A) Insufficient management participation
B) Short-term cash flow issues for the firm
C) Excessive unplanned health-care costs
D) Too much participation by eligible employees
40) A firm can best manage participation in an early retirement program by:
A) restricting the program to areas of the business with a redundancy of employees.
B) outsourcing highly skilled employees to competing firms.
C) offering the program only to employees with poor performance appraisals.
D) requiring participating employees to sign no-compete agreements.
