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Clarita Cosmetics is confronting a decline in sales due largely to a general economic downturn. The top management team is debating whether to lay off employees. In the debate, the following statements are made. Which of the statements is FALSE?
a. If Clarita Cosmetics lays off a large number of employees, there will be a significant loss of human capital that will cause further downturns in the firm's performance.
b. A moderate-sized layoff at Clarita Cosmetics will probably improve firm performance.
c. If Clarita Cosmetics restructures, it ought to increase investments in training and development.
d. A layoff will increase the slack at Clarita Cosmetics and allow the firm to absorb the increased number of errors employees may make until they learn their new tasks.
Answer: d

Sagot :

A layoff will therefore increase Clarita Cosmetics' slack and enable the company to absorb the increased amount of mistakes employees may make while adjusting to their new jobs, which is option (d), which is untrue.

What is economic downturn?

A fall in Australia's gross domestic product's growth rate is a sign of an economic slowdown (GDP). The entire market value of all the products and services produced in Australia is known as the GDP. A reduction in income can be used to detect an economic downturn. production in industry. a downhill turn, particularly one that is favorable to a drop in commerce and economic activity. Economic turbulence typically happens in cycles. It will be easier for you to plan and be ready if you keep an eye on your own economic environment as well as that of your business or sector.

Is economic downturn same as recession?

A significant, pervasive, and protracted decline in economic activity is referred to as a recession. Although it is generally accepted that two consecutive quarters of negative gross domestic product (GDP) growth indicate a recession, many people use more sophisticated metrics to determine whether the economy is in a downturn.

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