Phil Has Been Assigned with the Task of Efficient Downsizing

question 51

Multiple Choice

Phil has been assigned with the task of efficient downsizing.Which of the following should Phil avoid while performing this task?

• A) Making slow,small,and frequent layoffs
• B) Identifying and protecting talented people
• C) Giving special attention and help to those who lost their jobs
• D) Communicating constantly with people about the process
• E) Identifying how the organization will operate more effectively in the future

---

Definitions:

Normal Balance

The typical or usual balance of an account, which can be a debit for asset and expense accounts, or a credit for liability, equity, and revenue accounts.

Financial Statement

Comprehensive reports that provide information regarding a company's financial performance and condition.

Permanent/Temporary

Categories that differentiate between enduring or long-term elements and those expected to last for only a limited period.

Natural Resource Cost

The initial cost of acquiring and preparing natural resources for extraction, not including exploration or development.