Downsizing Is a Set of Activities Undertaken to Improve Organizational

question 51

True/False

Downsizing is a set of activities undertaken to improve organizational efficiency,productivity,and/or competitiveness that affect the size of the firm's workforce,its costs,and its work processes.

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Definitions:

Cumulative Voting Agreement

An arrangement that allows shareholders in a company to pool their votes towards electing directors, enhancing the voting power of minority shareholders.

Good Faith

Honesty in fact and observance of reasonable commercial standards of fair dealings in the trade.

Boards of Directors

Groups of elected or appointed members who jointly oversee the activities of a company or organization, making strategic decisions and ensuring legal compliance.

Derivative Suit

A lawsuit brought by a corporation's shareholders on behalf of the corporation against parties allegedly causing harm to the corporation.