When the Most Highly Paid Employees Are Targeted to Be

question 40

Multiple Choice

When the most highly paid employees are targeted to be downsized,this is referred to as __________ downsizing.

• A) function-based
• B) performance-based
• C) seniority-based
• D) salary-based

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Definitions:

Consideration

A crucial element in contract law that refers to something of value exchanged between parties, forming the basis for a contract's validity.

Contracting Parties

The entities or individuals that agree to, sign, and are bound by a contract.

Assignment

Assignment involves the transfer of rights or obligations from one party to another, often seen in contracts, leases, or financial agreements.

Supporting Consideration

Consideration provided by a party in a contract that underpins the agreement, ensuring it is legally binding.