Question

1. Low and mid-level managers do not need to engage in planning, as that is a job for upper management.

true or false?

2. A change in the law could impact a business in a positive way.

true or false?

3. Older workers are slower and costlier than young workers.

true or false?

3. A retired Marine general would make an excellent CEO of a tech company according to a follower of the Universal Process Approach.

true or false?

4. Hollywood is making films for a strictly American audience.

true or false?

5. A product might fail because it is priced to low

true or false?

Answer 1

1. True

2. False

It may impact positively or negatively.

3. True

The Big Economic Factor - All things considered, various reports indicate that older workers are 1% to 10% more costly than younger counterparts when accounting costs alone are considered. In it "Business Case for Workers Age 50+" prepared by Towers Perrin for AARP, the authors conclude that "The benefits of a stable workforce and avoiding turnover costs can exceed the incremental compensation and benefit costs for a 50+ worker."

Traditional accounting does not consider productivity, and costs avoided or reduced. Herein is the key to the economic justification for the retention and attraction of age 50+ workers - older workers are more productive, have lower turnover, stay with an employer considerably longer than younger individuals and possess the accumulated knowledge and skills of a lifetime. Analysis of the economic value and profit contribution of age 50+ workers produces a strong argument for the retention and recruitment of older workers. Focusing only on the costs results in a flawed outcome.

3. True

4. False

5. False

Two Questions have same serial number.