(30 once viewed as a sign of desperation downsizing

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Unformatted text preview: (30) Once viewed as a sign of desperation, downsizing is now viewed as a signal that firms are serious about competing in the global marketplace; such signals are received positively by key actors— (35) financial analysts, consultants, shareholders—who supply firms with vital organizing resources. Thus, even if downsizers do not become economi- cally more efficient, downsizing’s mythic (40) properties give them added prestige in the business community, enhancing their survival prospects.-------------------------------------------------------------------------------- Q2: According to the passage, the “key actors” (line 34) view a firm’s downsizing activities as an indication of the firm’s A. troubled financial condition B. inability to develop effective long-term strategies C. inability to retain vital organizational resources D. desire to boost its stock price E. desire to become more competitive Answer: -------------------------------------------------------------------------------- Q3: The primary purpose of the passage is to A. criticize firms for engaging in the practice of downsizing B. analyze the negative economic impact of downsizing on firms C. offer an alternative to a traditional explanation for the occurrence of downsizing D. chronicle how perceptions of downsizing have changed over time E. provide evidence disputing the prevalence of downsizing Answer: -------------------------------------------------------------------------------- 14 Q4: The passage suggests which of the following about the claim that a firm will become more efficient and competitive by downsizing? A. Few firms actually believe this claim to be true. B. Fewer firms have been making this claim in recent years. C. This claim contradicts the basic assumption of organization theory. D. This claim is called into question by certain recent research. E. This claim is often treated with skepticism by the business press. Answer: ------------------------------------------------------------------------------------------------------------ Q5: Vorland’s government is planning a nationwide ban on smoking in restaurants. The objection that the ban would reduce restaurants’ revenues is ill founded. Several towns in Vorland enacted restaurant smoking restrictions five years ago. Since then, the amount the government collects in restaurant meal taxes in those towns has increased 34 percent, on average, but only 26 percent elsewhere in Vorland. The amount collected in restaurant meal taxes closely reflects restaurants’ revenues. Which of the following, if true, most undermines the defense of the government’s plan? A. When the state first imposed a restaurant meal tax, opponents predicted that restaurants’ revenues would decline as a result, a prediction that proved to be correct in the short term....
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(30 Once viewed as a sign of desperation downsizing is now...

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