Prevention Costs Are a Type of Costs of ________

question 5

Short Answer

Prevention costs are a type of costs of ________ .

---

Definitions:

Workforce Reduction

The process of decreasing a company's employee count through methods such as layoffs, retirements, or terminations, often for cost-cutting measures or organizational restructuring.

Unwritten Employment Contract

An implied agreement between an employer and employee that is not formally documented but is understood and accepted by both parties.

Downsizing

A corporate strategy involving the reduction of a company's workforce to improve efficiency or adapt to new market conditions.

Short-term Cost Adjustment

Immediate actions taken to modify expenses in response to financial pressures or budget constraints.