Which of the Following Is the Most Commonly Pursued Alternative

question 10

Multiple Choice

Which of the following is the most commonly pursued alternative to layoffs for reducing staffing levels?

• A) Attrition
• B) Retraining
• C) Benefits reductions
• D) Job sharing

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Definitions:

Independent Internal Verification

A process within companies where transactions and operations are reviewed by internal staff members who are not directly involved in the execution of these transactions, to ensure accuracy and compliance.

Human Resource Controls

Human Resource controls are mechanisms put in place to manage employees' performance and ensure compliance with organizational policies.

Segregation Of Duties

A fundamental internal control principle that divides responsibilities within an organization to reduce risks of errors or fraud.

Bank Reconciliation

The process of comparing the bank's records with the company's own records of its bank account to identify discrepancies.