One of the Drawbacks of the Disciplinary Layoff Is That

question 21

True/False

One of the drawbacks of the disciplinary layoff is that the loss of a trained worker may hurt production.

---

Definitions:

Depreciation

The process of allocating the cost of a tangible asset over its useful life.

Administrative Expense

Overhead or general expenses related to the day-to-day operations of a business but not directly tied to a specific project or product.

Period Cost

Costs that are expensed in the period in which they are incurred and are not directly tied to the production of inventory.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and equity at a specific point in time.