The Hiring of New People with New Skills, Firing of People

question 56

Multiple Choice

The hiring of new people with new skills, firing of people with inappropriate or substandard skills, and/or training existing employees to learn new skills are included the process of

• A) training.
• B) staffing.
• C) structuring.
• D) operating.
• E) financing.

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Definitions:

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders, but not retired, and are available for reissuance or other corporate uses.

Reacquire

The act of obtaining back or regaining ownership of securities or assets previously sold or issued.

Perpetual Life

The concept that a corporation continues to exist indefinitely unless it is legally dissolved, regardless of changes in ownership or management.

Successful Corporation

A business entity that consistently achieves its goals, which may include profitability, market share expansion, and sustainable growth.