The Reduction in the Workforce That Normally Occurs When Employees

question 74

Multiple Choice

The reduction in the workforce that normally occurs when employees leave a company is called

• A) attrition.
• B) retirement.
• C) layoff.
• D) termination.
• E) reduction.

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Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Operations

Activities involved in the day-to-day running of a business for the purpose of producing value for the stakeholders.

Accounts Receivable

Money owed to a company by its customers for goods or services provided on credit.

Financing Activities

Transactions and events that affect long-term liabilities and equity of an entity, reflected in the cash flow statement.