ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUSINESS CYCLES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
At the peak phase, businesses will:
A
Be worried that they aren’t making money
B
Have to sack workers
C
Be so busy that they can’t keep up and need more staff
D
Have equipment that is not being used
Explanation: 

Detailed explanation-1: -Help employees prioritize their assignments When employees say they are too busy, ask them to take out their to-do list, and then help them prioritize the tasks on the spot. You may need to extend deadlines, park assignments or eliminate tasks altogether.

Detailed explanation-2: -Inform your supervisor It’s important to ask for assistance when you realize you’re unable to keep up with your assignments. Informing your supervisor that you feel you can’t keep up with your workload can allow you to find help.

Detailed explanation-3: -Set an open environment for your workers as soon as any change or challenges arise. Encourage them to be as honest as possible about any concerns they might have and be equipped with a fully prepared answer. By reassuring your employees you will avoid the risk of them jumping to incorrect conclusions via office gossip.

Detailed explanation-4: -Get organized. Cut down on clutter and messes. Evaluate use of time. Have your employees reflect upon their day and look at all the small tasks that they do. Project Planning. Networking. Cross training. Process Improvement. Follow up with customers. Check in with the boss. More items •18-Mar-2021

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