Which of the Following Is the Planned Reduction in the Scope

question 59

Multiple Choice

Which of the following is the planned reduction in the scope of an organization's activity?

• A)Scale down
• B)Retrenchment
• C)Reallocation
• D)Phase out
• E)Downsizing

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Definitions:

Special

Distinguished by a unique or particular quality, different from the norm.

Trust Endorsement

An endorsement that is used when the instrument is being transferred to an agent or trustee for the benefit of either the endorser or a third party; gives the endorser the rights of a holder.

Agent

An individual authorized to act on behalf of another person or entity in business transactions or legal matters.

Special Endorsement

An endorser’s signature accompanying the name of the endorsee.