Examlex

Solved

An Employer Decides to Downsize to Cut Costs

question 18

Multiple Choice

An employer decides to downsize to cut costs. It plans to eliminate 100 jobs out of 250 total jobs. The employer notifies the employees' union representative on May 15.  The layoffs will be effective May 30. If the employer's action is legally challenged, a court would most likely decide:


Definitions:

Audit Procedures

Actions taken by auditors to gather evidence regarding the accuracy, completeness, and validity of a company’s financial records and statements.

Fraud Risk Factors

Circumstances or events that increase the risk of fraud within an organization or its financial reports.

Quality Of Information

Pertains to the degree of accuracy, reliability, and relevance of data or information, ensuring it is fit for making decisions.

Predictive Value

The capability of financial information to help users make accurate forecasts about future events or outcomes.

Related Questions