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

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Definitions:

Float

The time difference between when a bank transaction is initiated and when it is completed, allowing funds to appear available in the account before they actually are.

Cashier's Check

A cashier's check is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.

Draft

A preliminary version of a piece of writing, document, or legislation that is subject to further revision and editing.

Drawer

The party that writes and signs a check, directing a bank to pay the check's amount to the person or entity named as the payee.