A Company That Is Closing Factories with Unused Capacity and Laying-Off

question 57

Multiple Choice

A company that is closing factories with unused capacity and laying-off workers is most likely following a ________ strategy.

• A) growth
• B) retrenchment
• C) stability
• D) combined

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Definitions:

Fugitive Slaves

Individuals who escaped from slavery to seek freedom from their enslavers, particularly in the United States before the abolition of slavery.

James McCune Smith

The first African American to earn a medical degree, achieving this distinction in 1837, and a prominent abolitionist and intellectual of the 19th century.

Black Inferiority

A false and debunked belief propagated especially during the era of slavery and segregation that suggests that black people are naturally lesser in various aspects compared to other races.

American Geographical Society

A professional organization founded in 1851 dedicated to the advancement of geographical research and education in the United States.