Question 1

What is one issue that has received little attention relative to downsizing?

Accepted Answer

A)  reputation for corporate social performance 
B)  pension contributions and defined benefits 
C)  effects on long-term profitability and debt 
D)  employee satisfaction of survivors 
A)  reputation for corporate social performance 
B)  pension contributions and defined benefits 
C)  effects on long-term profitability and debt 
D)  employee satisfaction of survivors

Question 2

According to the textbook,what is the least common benefit provided to displaced workers?

Accepted Answer

A)  job search support 
B)  benefits continuation 
C)  retraining assistance 
D)  severance pay 
A)  job search support 
B)  benefits continuation 
C)  retraining assistance 
D)  severance pay

Question 3

​ConocoPhillips
The Canadian arm of ConocoPhillips is one of Canada's largest oil and gas exploration and production companies.ConocoPhillips cut 1 000 jobs early in 2015 and will be eliminating around 1 810 more positions by the end of 2015 due to company losses in the millions,the result of the low oil prices.The CEO stated that the company is eliminating 10 percent of its workforce this year.ConocoPhillips plans to eliminate more than 400 jobs and 100 contractors in Canada.The CEO further stated that the company needs to cut jobs to ensure that the company becomes more competitive.
ConocoPhillips is preparing for a period of lower and more volatile oil prices and has cut back its spending forecasts.The company is also paring back its deep water exploration and Alberta oil sands projects.ConocoPhillips shares have fallen 41 percent over the last year,reaching their lowest price in five years.
​
Which of the following is a short-term cost adjustment that ConocoPhillips could consider to reduce costs?

Accepted Answer

A)  exit incentives 
B)  lending workers 
C)  extending reductions in salary 
D)  reducing overtime 
A)  exit incentives 
B)  lending workers 
C)  extending reductions in salary 
D)  reducing overtime

Question 4

​ConocoPhillips
The Canadian arm of ConocoPhillips is one of Canada's largest oil and gas exploration and production companies.ConocoPhillips cut 1 000 jobs early in 2015 and will be eliminating around 1 810 more positions by the end of 2015 due to company losses in the millions,the result of the low oil prices.The CEO stated that the company is eliminating 10 percent of its workforce this year.ConocoPhillips plans to eliminate more than 400 jobs and 100 contractors in Canada.The CEO further stated that the company needs to cut jobs to ensure that the company becomes more competitive.
ConocoPhillips is preparing for a period of lower and more volatile oil prices and has cut back its spending forecasts.The company is also paring back its deep water exploration and Alberta oil sands projects.ConocoPhillips shares have fallen 41 percent over the last year,reaching their lowest price in five years.
ConocoPhillips is implementing a downsizing strategy that requires the elimination of specific work processes and functions.What type of downsizing strategy is it adopting?

Accepted Answer

A)  downsizing 
B)  workforce reduction 
C)  work redesign 
D)  systematic change 
A)  downsizing 
B)  workforce reduction 
C)  work redesign 
D)  systematic change

Question 5

Perceptions of fairness and equity play a key role in understanding how survivors react to a downsizing.What type of justice is associated with the interpersonal treatment employees receive during the implementation of the downsizing decision?

Accepted Answer

A)  procedural 
B)  interactional 
C)  distributive 
D)  manipulative 
A)  procedural 
B)  interactional 
C)  distributive 
D)  manipulative

Question 6

Outplacement is providing a program of counselling and job search assistance for workers who have been terminated.

Accepted Answer

A) True 
 B)False

Question 7

​ConocoPhillips
The Canadian arm of ConocoPhillips is one of Canada's largest oil and gas exploration and production companies.ConocoPhillips cut 1 000 jobs early in 2015 and will be eliminating around 1 810 more positions by the end of 2015 due to company losses in the millions,the result of the low oil prices.The CEO stated that the company is eliminating 10 percent of its workforce this year.ConocoPhillips plans to eliminate more than 400 jobs and 100 contractors in Canada.The CEO further stated that the company needs to cut jobs to ensure that the company becomes more competitive.
ConocoPhillips is preparing for a period of lower and more volatile oil prices and has cut back its spending forecasts.The company is also paring back its deep water exploration and Alberta oil sands projects.ConocoPhillips shares have fallen 41 percent over the last year,reaching their lowest price in five years.
​
Which of the following is a short-term cost adjustment that ConocoPhillips is implementing to reduce costs?

Accepted Answer

A)  exit incentives 
B)  exploration work shutdowns 
C)  extending reductions in salary 
D)  voluntary sabbaticals 
A)  exit incentives 
B)  exploration work shutdowns 
C)  extending reductions in salary 
D)  voluntary sabbaticals

Question 8

​ConocoPhillips
The Canadian arm of ConocoPhillips is one of Canada's largest oil and gas exploration and production companies.ConocoPhillips cut 1 000 jobs early in 2015 and will be eliminating around 1 810 more positions by the end of 2015 due to company losses in the millions,the result of the low oil prices.The CEO stated that the company is eliminating 10 percent of its workforce this year.ConocoPhillips plans to eliminate more than 400 jobs and 100 contractors in Canada.The CEO further stated that the company needs to cut jobs to ensure that the company becomes more competitive.
ConocoPhillips is preparing for a period of lower and more volatile oil prices and has cut back its spending forecasts.The company is also paring back its deep water exploration and Alberta oil sands projects.ConocoPhillips shares have fallen 41 percent over the last year,reaching their lowest price in five years.
​
Which of the following is a medium-term cost adjustment that ConocoPhillips could consider to reduce costs?

Accepted Answer

A)  exit incentives 
B)  hiring freeze 
C)  mandatory vacation 
D)  reducing overtime 
A)  exit incentives 
B)  hiring freeze 
C)  mandatory vacation 
D)  reducing overtime

Question 9

What type of justice focuses on the interpersonal treatment employees receive during the implementation of the downsizing decision?

Accepted Answer

A)  procedural justice 
B)  interactional justice 
C)  distributive justice 
D)  manipulative justice 
A)  procedural justice 
B)  interactional justice 
C)  distributive justice 
D)  manipulative justice

Question 10

Many organizations are reactive to downsizing instead of proactive.

Accepted Answer

A) True 
 B)False

Question 11

What organizational initiative provides a program of counselling and job search assistance for workers who have been terminated?

Accepted Answer

A)  ethics 
B)  succession 
C)  outplacement 
D)  reintegration 
A)  ethics 
B)  succession 
C)  outplacement 
D)  reintegration

Question 12

A psychological contract is a written commitment between employers and their employees that guarantees job security and rewards for loyal behaviour.

Accepted Answer

A) True 
 B)False

Question 13

When rationalizing decisions about downsizing,many managers will rely on economic,accounting,and revenue-based rationales.

Accepted Answer

A) True 
 B)False

Question 14

In the research by Classen and Dunn,what is one of their major findings?

Accepted Answer

A)  The risk for suicide increases with long periods of unemployment. 
B)  Losing a job can have positive benefits. 
C)  Employees are more likely to quit following a downsizing. 
D)  Cost-cutting is unlikely to disappear in the future. 
A)  The risk for suicide increases with long periods of unemployment. 
B)  Losing a job can have positive benefits. 
C)  Employees are more likely to quit following a downsizing. 
D)  Cost-cutting is unlikely to disappear in the future.

Question 15

How do you define job insecurity?

Accepted Answer

A)  expectations about continuity and life employment 
B)  overall concern about the future existence of a job 
C)  inability to predict future employment 
D)  understanding of negative implications of job analysis 
A)  expectations about continuity and life employment 
B)  overall concern about the future existence of a job 
C)  inability to predict future employment 
D)  understanding of negative implications of job analysis

Question 16

What should union officials and management protect when anticipating potential downsizing and restructuring?

Accepted Answer

A)  human rights of employees 
B)  positive labour relations programs 
C)  wage and benefit concessions 
D)  labour-management climate 
A)  human rights of employees 
B)  positive labour relations programs 
C)  wage and benefit concessions 
D)  labour-management climate

Question 17

Which of the following programs is NOT typically associated with high-involvement human resource management?

Accepted Answer

A)  self-managed work teams 
B)  continuous improvement 
C)  incentive compensation 
D)  selective training 
A)  self-managed work teams 
B)  continuous improvement 
C)  incentive compensation 
D)  selective training

Question 18

Outsourcing refers to the reabsorbing of excess or inappropriately placed workers into a restructured organization.

Accepted Answer

A) True 
 B)False

Question 19

Downsizing is unlikely to disappear in the future because it helps to alleviate the huge financial burdens facing many organizations.

Accepted Answer

A) True 
 B)False

Question 20

What type of strategy requires an organization to focus on work process and to assess whether specific functions,products,and/or services should be eliminated?

Accepted Answer

A)  downsizing 
B)  workforce reduction 
C)  work redesign 
D)  systematic change 
A)  downsizing 
B)  workforce reduction 
C)  work redesign 
D)  systematic change

What is one issue that has received little attention relative to downsizing?

According to the textbook,what is the least common benefit provided to displaced workers?

Perceptions of fairness and equity play a key role in understanding how survivors react to a downsizing.What type of justice is associated with the interpersonal treatment employees receive during the implementation of the downsizing decision?

Outplacement is providing a program of counselling and job search assistance for workers who have been terminated.

What type of justice focuses on the interpersonal treatment employees receive during the implementation of the downsizing decision?

Many organizations are reactive to downsizing instead of proactive.

What organizational initiative provides a program of counselling and job search assistance for workers who have been terminated?

A psychological contract is a written commitment between employers and their employees that guarantees job security and rewards for loyal behaviour.

When rationalizing decisions about downsizing,many managers will rely on economic,accounting,and revenue-based rationales.

In the research by Classen and Dunn,what is one of their major findings?

How do you define job insecurity?

What should union officials and management protect when anticipating potential downsizing and restructuring?

Which of the following programs is NOT typically associated with high-involvement human resource management?

Outsourcing refers to the reabsorbing of excess or inappropriately placed workers into a restructured organization.

Downsizing is unlikely to disappear in the future because it helps to alleviate the huge financial burdens facing many organizations.

What type of strategy requires an organization to focus on work process and to assess whether specific functions,products,and/or services should be eliminated?

Strategic Management

Aligning HR With Strategy

Environmental Influences on HRM

The HR Forecasting Process

Determining HR Demand

Ascertaining HR Supply

Succession Management

Information Technology for HR Planning

Change Management New

Strategic International HRM

Mergers and Acquisitions

Outsourcing

Hr Assessment and Analytics

Filters

Exam 10: Downsizing and Restructuring

What is one issue that has received little attention relative to downsizing?

According to the textbook,what is the least common benefit provided to displaced workers?

Perceptions of fairness and equity play a key role in understanding how survivors react to a downsizing.What type of justice is associated with the interpersonal treatment employees receive during the implementation of the downsizing decision?

Outplacement is providing a program of counselling and job search assistance for workers who have been terminated.

What type of justice focuses on the interpersonal treatment employees receive during the implementation of the downsizing decision?

Many organizations are reactive to downsizing instead of proactive.

What organizational initiative provides a program of counselling and job search assistance for workers who have been terminated?

A psychological contract is a written commitment between employers and their employees that guarantees job security and rewards for loyal behaviour.

When rationalizing decisions about downsizing,many managers will rely on economic,accounting,and revenue-based rationales.

In the research by Classen and Dunn,what is one of their major findings?

How do you define job insecurity?

What should union officials and management protect when anticipating potential downsizing and restructuring?

Which of the following programs is NOT typically associated with high-involvement human resource management?

Outsourcing refers to the reabsorbing of excess or inappropriately placed workers into a restructured organization.

Downsizing is unlikely to disappear in the future because it helps to alleviate the huge financial burdens facing many organizations.

What type of strategy requires an organization to focus on work process and to assess whether specific functions,products,and/or services should be eliminated?

Strategic Management

Aligning HR With Strategy

Environmental Influences on HRM

The HR Forecasting Process

Determining HR Demand

Ascertaining HR Supply

Succession Management

Information Technology for HR Planning

Change Management New

Strategic International HRM

Mergers and Acquisitions

Outsourcing

Hr Assessment and Analytics

Filters