The Majority of Workers Displaced by Downsizing and Corporate Moves

question 19

True/False

The majority of workers displaced by downsizing and corporate moves will eventually find other work equivalent to their previous jobs.

---

Definitions:

Note Receivable

A written promise for the payment of a specified amount of money at a set time to the holder or bearer of the note.

Accounts Receivable

Represents money owed to a business by its customers for goods or services delivered but not yet paid for, considered a current asset on the balance sheet.

Notes Payable

A liability account that represents amounts owed on written promises to pay a specific sum of money at a future date.

Formal Promise

An official commitment or assurance, often in writing, to perform a specified action or uphold a certain condition.