Due to a Drop in the Sales of Its Products,a

question 44

Multiple Choice

Due to a drop in the sales of its products,a few production employees and sales personnel of Red Fin Products Inc.were laid off.Which aspect of staffing does this scenario illustrate?

• A)Downsizing
• B)Bartering
• C)Outsourcing
• D)Benchmarking
• E)Directing

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Definitions:

Office Supplies

Items used in offices for daily operations, including paper, pens, files, and other stationery.

Salaries Payable

A liability account that reflects the amounts owed to employees for services rendered but not yet paid.

Total Assets

The sum of all current and non-current assets owned by a company.

Total Expenses

The sum of all costs and expenses incurred by a business or organization during a specific period.