Which of the Following Statements Is the Most Specific Way

question 44

Multiple Choice

Which of the following statements is the most specific way for a company to convey that it needs to reduce its current workforce by half?

• A) The company will have to lay off a few employees.
• B) The company will have to terminate a small percentage of its employees.
• C) The company will have to terminate the majority of its employees.
• D) The company will have to lay off about half of its employees.
• E) The company will have to terminate 50 percent of its employees.

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Definitions:

Articles Of Incorporation

These are formal documents filed with a governmental body to legally document the creation of a corporation.

Quorum

The minimum number of members required to be present at a meeting to make the proceedings of that meeting valid.

Shareholders Meeting

A gathering of the shareholders of a company where decisions regarding the company's affairs are discussed and voted on.

Model Nonprofit Corporation Act (MNCA)

A template legislation that provides a basis for the statute governing nonprofit corporations in some states.