A Reduction-In-Force (RIF)

question 8

Multiple Choice

A reduction-in-force (RIF) :

• A) tends to have long-term beneficial effects on employee job satisfaction
• B) is a commonly-used cost-savings practice during recessions
• C) has been specifically outlawed as discriminatory by the Fair Labor Standards Act
• D) is most effective during late-stage economic expansions
• E) tends to significantly increase job security for redundant employees

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Definitions:

Checkable Deposits

Bank accounts that allow the account holder to write checks or use electronic debit to access funds, including both checking and demand deposit accounts.

Federal Reserve Notes

The physical banknotes issued by the Federal Reserve, serving as the national currency of the United States.

Paper Money

Currency issued by a government or central bank in the form of paper notes and used as legal tender for transactions.

Goldsmiths

Historically, craftsmen who made and traded gold items, but also pivotal in the development of banking as they stored and lent money.