Peter Must Inform His Employees That His Company Will Need

question 26

Multiple Choice

Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use when conveying this idea to his employees?

• A)Layoff
• B)Streamlining
• C)Paradigm shift
• D)Rightsizing

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Definitions:

Statistical Probability

The likelihood of an event occurring, measured on a scale from 0 to 1, where 0 means the event cannot happen and 1 means it will certainly happen.

Clinically Significant

A degree of significance in medical findings or outcomes that indicates an important change, especially in the diagnosis or treatment of a condition.

Socioeconomic Group

A categorization of people according to their economic and social position, often based on income, education, and occupation.

Culture

The collective manifestations of human intellectual achievement regarded collectively, encompassing language, customs, beliefs, and institutions.