Which of the Following Is a Medium-Term Alternative to Downsizing

question 124

Multiple Choice

Which of the following is a medium-term alternative to downsizing?

• A)exit incentives
• B)hiring freeze
• C)mandatory vacation
• D)reduced overtime

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Definitions:

Adjusting Entries

Journal entries made in preparation for financial statements to allocate income and expenses to the period in which they actually occurred.

Balance Sheet Account

An account found on the balance sheet which can include assets, liabilities, and equity accounts.

Income Statement Account

An account found in the income statement that records revenues, expenses, gains, and losses.

Income Statement Columns

The segments in an income statement that organize revenues, expenses, and profitability metrics to provide insights into a company's financial performance over a specific period.