According to a Study of the Effects of Rightsizing Conducted

question 20

Multiple Choice

According to a study of the effects of rightsizing conducted in the 1990s, the firms where the decline in employment was less than 5 percent from 1980 to 1994, but the decline in plant and assets during the same period was at least 5 percent greater than the decline in employment were called _____.

• A) stable employers
• B) employment downsizers
• C) asset downsizers
• D) combination upsizers

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Definitions:

Duty of Care

The legal obligation to avoid acts or omissions which could foreseeably harm others.

Negligence

A failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, leading to harm or damage.

Professional Designation

A formal certification demonstrating a certain level of expertise or specialization in a particular field, frequently required in professions such as law, medicine, and accounting.

Professional Associations

Organizations founded by individuals in the same profession aimed at advancing their interests, standards, and development.