When a Large Company Downsizes, Some of the Middle-Aged and Older

question 29

Multiple Choice

When a large company downsizes, some of the middle-aged and older workers who are laid off find it difficult to get another job.When such workers decide to start their own businesses, they are known as _____.

• A)welfare recipients.
• B)necessity entrepreneurs.
• C)post-retirement workers.
• D)baby boomers.

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Definitions:

Total Asset Turnover Ratio

A financial ratio that measures the efficiency of a company's use of its assets to generate sales revenue.

Inventory

Tangible property held for sale in the normal course of business or used in producing goods or services for sale.

Quality Of Income Ratio

A financial metric that assesses the proportion of income that comes from the company's main operating activities, indicating the sustainability of earnings.

Component Percentages

Express each item on a particular financial statement as a percentage of a single base amount.