If You Were Laid Off from Your Previous Job, You

question 60

True/False

If you were laid off from your previous job, you need to explain the layoff in your application materials.

---

Definitions:

Financial Information

Data regarding the financial status, operations, and cash flows of a business, useful for decision-making purposes.

Operating Efficiency

A measure of how well a company utilizes its resources to generate profits, often indicated by the ratio of output produced to input used.

Capital Structure

The mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity, which is used to finance its overall operations and growth.

Times Interest Earned

A financial ratio that measures a company's ability to meet its interest payments on outstanding debt with its operating income.