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Ted Is Retiring in Five Years and Is Thinking of Selling

question 35

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Ted is retiring in five years and is thinking of selling the business.Ramon,his general manager,tells him that he,the other managers,and the employees want to buy the business from him.Ted sets up a process where all the managers and employees "buy" stock in the company each month through payroll deductions,so that in five years the employees hold 100% of the company.This is an example of:


Definitions:

Labour Force Participation

The proportion of the working-age population that is engaged in or seeking employment.

Workforce

The collective group of employees or labor force of an organization or economy.

Downsizing Strategies

Plans and approaches deployed by organizations to reduce costs through workforce reductions, realignment, or restructuring.

Negative Impact

The adverse effects or harmful consequences resulting from a particular action or policy.

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