Merit Is the Primary Consideration Used to Determine Which Employees

question 58

True/False

Merit is the primary consideration used to determine which employees will remain with a firm and which ones will be dismissed when layoffs are necessary.

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Definitions:

Operating Segments

Components of a business that engage in business activities earning revenues and incurring expenses, whose operating results are regularly reviewed by the company's decision maker.

Revenues

The total amount of income generated by the sale of goods or services related to a company's primary operations before any costs or expenses are deducted.

Operating Segments

Operating segments refer to components of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance.

Identifying Factors

Elements or characteristics that can be used to recognize, classify, or differentiate between different subjects or objects.