Levi Strauss Announced That,due to Declining Global Sales,it Would Lay

question 49

Multiple Choice

Levi Strauss announced that,due to declining global sales,it would lay off 12 percent of its workforce.This was an example of:

• A)a low-cost strategy
• B)innovation
• C)restructuring
• D)empowerment
• E)realignment strategy

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Definitions:

Stockholders' Equity

The residual interest in a corporation's assets after deducting liabilities, representing the ownership stake of shareholders.

Noncumulative Preferred Stock

This type of preferred stock does not entitle its holders to claims on dividends missed in the past if they were not declared in those years.

Common Stock

A form of corporate equity ownership, a type of security representing an ownership share in a corporation.

Dividends

A portion of a company's earnings distributed to shareholders as a reward for their investment.