Each of the Following Is an Example of a Layoff

question 19

Multiple Choice

Each of the following is an example of a layoff EXCEPT:

• A) The sales coordinator resigns and you decide not to fill the position, but rather have her duties absorbed by other employees.
• B) Twenty patient care employees were sent home today and told not to return for three weeks due to an expected lower patient census over the next few weeks.
• C) The marketing department will be working part days for the next four months while their offices are being renovated. Once renovations are complete they will return to their full time positions.
• D) An auto manufacturer announces the closing of one of its plants which will impact the jobs of more than 500 employees permanently.
• E) A a chain of retail store decreases its sales staff located in "beach towns" during the winter months due to less tourist traffic and lower sales.

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Definitions:

Annual Amortization Expense

The portion of the cost of an intangible asset that is expensed through an organization's income statement each year over the asset's useful life.

Consolidated Tax Return

A tax return that combines the tax liability of all subsidiary companies with that of a parent company, treating them as one entity for tax purposes.

Domestic Subsidiaries

Subsidiaries located in the same country as the parent company, operating under the laws and regulations of that country.

Foreign Subsidiaries

Companies that are owned or controlled by another corporation (the parent company) and are located in a country different from where the parent company operates.