Generally,the First Alternative to Layoffs That Companies Use to Reduce

question 18

True/False

Generally,the first alternative to layoffs that companies use to reduce their labor costs is to redesign existing jobs.

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Definitions:

Current Liability

Financial obligations or debts of a company due within a year, including accounts payable, taxes owed, and short-term loans.

Sales Tax

A tax levied by the government on the sale of goods and services.

Current Maturities

The portion of a long-term debt that is due to be paid within the next year.

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty, often accounted for in financial planning.