Downsizing May Occur If a Company Decides to Eliminate a Product

question 75

True/False

Downsizing may occur if a company decides to eliminate a product line or close a plant.

---

Definitions:

Withdrawals

Money taken out from a bank account or the act of removing assets from a business by the owner for personal use.

Premium for Admission

An additional charge over the regular price for entry into an organization, service, or area typically offering greater benefits.

Bonus

A bonus is a form of additional compensation paid to an employee above their normal wage, often as a reward for reaching specific performance targets or for exceptional work.

Capital Accounts

Accounts on a company's balance sheet representing the original investment plus retained earnings and adjustments.