In an Economic Downturn,a Company Could Temporarily Reduce or Eliminate

question 40

Multiple Choice

In an economic downturn,a company could temporarily reduce or eliminate a(n) ________.

• A) lease payment
• B) salaries of key personnel
• C) employee training program
• D) insurance on corporate offices

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Definitions:

Legislation

The process of making or enacting laws.

Void

A term describing a legal document that is null and has no legal force or effect.

Willful

Actions done intentionally or with reckless disregard for the outcome, particularly relating to misconduct or negligence.

Restrictive Covenant

A clause in a contract that restricts or limits one party from engaging in certain activities, often to protect business interests.