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huongguyen
Joined: 23 May 2020
Last visit: 26 Nov 2022
Posts: 158
Given Kudos: 143
Concentration: Statistics, Finance
Schools: Foster '22 Marshall '25 Tepper '24
GPA: 3.41
WE:Advertising (Advertising and PR)
26 Jun 2020, 17:00
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Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
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When financial services companies undertake layoffs, the most valuable employees, whom the companies want to retain, often leave the company voluntarily for new jobs not long after the layoffs. ITEL Financial Services, however, has not lost any of its most valuable employees despite multiple layoffs in the past decade. ITELcredits its success in keeping valuable employees to its high tolerance for risk when employees make investment decisions.
Which of the following, if true, most strongly supports ITEL’s reasoning as to why the company retains its most valuable employees?
(A) People in the financial services industry are often motivated to change jobs by a significant salary increase.
(B) The way in which layoffs are handled can have a significant upward or downward impact on the morale and company loyalty of the employees who remain.
(C) Layoffs often occur during industry downturns, and it is generally much more difficult to find a new job when the industry is struggling.
(D) It is difficult to develop an objective method or definition for determining who should be considered a very valuable employee.
(E) A risk-intolerant environment impedes the entrepreneurial drive that financial services industry employees feel is a requirement to be successful
Which of the following, if true, most strongly supports ITEL’s reasoning as to why the company retains its most valuable employees?
(A) People in the financial services industry are often motivated to change jobs by a significant salary increase.
(B) The way in which layoffs are handled can have a significant upward or downward impact on the morale and company loyalty of the employees who remain.
(C) Layoffs often occur during industry downturns, and it is generally much more difficult to find a new job when the industry is struggling.
(D) It is difficult to develop an objective method or definition for determining who should be considered a very valuable employee.
(E) A risk-intolerant environment impedes the entrepreneurial drive that financial services industry employees feel is a requirement to be successful
26 Jun 2020, 17:47
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Type: Support ITEL's reasoning.
ITEL's reasoning: ITELcredits its success in keeping valuable employees to its high tolerance for risk when employees make investment decisions.
(A) People in the financial services industry are often motivated to change jobs by a significant salary increase.
(B) The way in which layoffs are handled can have a significant upward or downward impact on the morale and company loyalty of the employees who remain.
(C) Layoffs often occur during industry downturns, and it is generally much more difficult to find a new job when the industry is struggling.
(D) It is difficult to develop an objective method or definition for determining who should be considered a very valuable employee.
(E) A risk-intolerant environment impedes the entrepreneurial drive that financial services industry employees feel is a requirement to be successful - (E) provides us with a reason why the employees choose to stay with a particular firm despite an economic downturn. Since ITEL satisfies this reason/criteria (by having a high tolerance for risks), (E) helps us strengthen/support ITEL's reasoning. Hence, (E) is the right answer choice.
ITEL's reasoning: ITELcredits its success in keeping valuable employees to its high tolerance for risk when employees make investment decisions.
(A) People in the financial services industry are often motivated to change jobs by a significant salary increase.
(B) The way in which layoffs are handled can have a significant upward or downward impact on the morale and company loyalty of the employees who remain.
(C) Layoffs often occur during industry downturns, and it is generally much more difficult to find a new job when the industry is struggling.
(D) It is difficult to develop an objective method or definition for determining who should be considered a very valuable employee.
(E) A risk-intolerant environment impedes the entrepreneurial drive that financial services industry employees feel is a requirement to be successful - (E) provides us with a reason why the employees choose to stay with a particular firm despite an economic downturn. Since ITEL satisfies this reason/criteria (by having a high tolerance for risks), (E) helps us strengthen/support ITEL's reasoning. Hence, (E) is the right answer choice.
