Retrenchment

question 14

Multiple Choice

Retrenchment:

• A)Often involves work force reductions
• B)Is a growth strategy
• C)Involves an increase in the firm's workforce
• D)Involves a loosening of cost controls
• E)Typically builds on the existing corporate culture

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Definitions:

Narragansett Sachem

A title for the chief of the Narragansett tribe, an indigenous group primarily located in areas of present-day Rhode Island.

English Colonization

The process by which England established and expanded its colonies primarily in North America and the Caribbean from the late 16th to early 18th centuries.

Mayflower Compact

An early agreement established in 1620 by the Pilgrims aboard the Mayflower to form a crude government and submit to the majority's rule.

House of Burgesses

The first legislative assembly of elected representatives in North America, established in the Colony of Virginia in 1619.