Your Company Is Planning a Layoff

question 52

Multiple Choice

Your company is planning a layoff.As you explain the process to the management team,you tell them that outplacement assistance is available,which means that the:

• A) employee will receive a final interview.
• B) company will help departing employees find new jobs.
• C) company will measure the rate of employee separations.
• D) company can terminate the relationship with the employee for any reason.

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Definitions:

Short-Term Financing

Borrowing funds or obtaining financial support for a short duration, typically less than a year, to cover immediate needs.

Factor Purchases

Transactions where a company outsources services or acquires assets, typically involving a third-party, or "factor," to facilitate business operations.

Receivables Collection

The process of managing and collecting payments from customers who have purchased goods or services on credit.

Trust Receipt

A document issued by a bank to a buyer who has obtained a loan to purchase goods, wherein the buyer agrees to hold the goods in trust for the bank until the loan is repaid.