During an economic downturn, a company instituted an across-the-board pay cut rather than lay people off. What are the advantages of such an action?
What will be an ideal response?
By instituting an across-the-board pay cut, the organization is seen as being socially responsible and compassionate. And by keeping the work force intact, the organization won't find itself short-handed when the economy picks up. This will save considerable time and money related to recruitment, selection, and training. And, the quality of the company's customer service is maintained.
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Indicate whether the statement is true or false
In which section of the balance sheet would Treasury Stock be reported?
What will be an ideal response?
The best way for a firm to keep its proprietary technologies, recipes, or formulas secret is to obtain a patent.
Answer the following statement true (T) or false (F)
An achievement culture is a culture in which status is attributed based on who or what a person is.
Answer the following statement true (T) or false (F)