The Intentional Decision Made by Executives That Involves a Reduction

question 21

Multiple Choice

The intentional decision made by executives that involves a reduction of the workforce to improve efficiency or effectiveness of the organization by affecting the work process is referred to as which of the following?

• A) Division of work
• B) Job specification
• C) Downsizing
• D) Job specialization
• E) Layoff analysis

---

Definitions:

Cost of Merchandise Sold

The total cost incurred to purchase or manufacture the goods sold during a specific period.

FOB Shipping Point

A term used in shipping indicating that the buyer assumes responsibility for the goods and the cost of transportation once the goods leave the seller’s premises.

Report Form

The form of balance sheet with the Liabilities and Owner’s Equity sections presented below the Assets section.

Single-Step Form

An income statement format that subtracts total expenses from total revenues to find net income in one step.