What are the risks and dangers of downsizing?
1 . Firms can find that layoffs have depleted the in-house talent pool; therefore the ability to solve problems creatively and generate ideas may have been diminished.
2 . Downsizing may reduce trust and morale between employees and management. In turn, communication between these two groups may decrease.
3 . Downsizing can destroy a corporate culture that embraced lifetime employment as a key factor in attracting new employees. In turn, this can diminish morale and trust.
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Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where present-buying is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. According to the company's leading salesperson, Peter Austin, "We have lots of repeat corporate customers as a result of the importance we place on getting the hampers out on time and filled with the right products."Austin should use visual aids, dramatics, and demonstrations in his sales presentation to prospective customers to do all of the following EXCEPT to:
A. increase his persuasive powers. B. capture the prospect's attention. C. create two-way communication. D. clarify the services his firm provides. E. create cognitive dissonance.
Deming's __________ cycle of continuous improvement promoted the adoption of fourteen principles to make any organization efficient and capable of solving almost any problem.
A. plan-do-check-act B. plan-check-act-do C. act-do-check-plan D. act-plan-check-do E. check-plan-act-do
What is liquidity risk?
A) A problem that arises when a firm runs short of cash. B) The risk of asset prices rising too high. C) The chance that the borrower will fail to repay a loan. D) The risk associated with longer-term contracts.
Lower tariffs and quotas cause a country's currency to ________ in the ________ run
A) depreciate; short B) appreciate; short C) depreciate; long D) appreciate; long