The Primary Difference Between a Layoff and a Discharge Is

question 66

Multiple Choice

The primary difference between a layoff and a discharge is:

• A) a layoff is an involuntary separation and a discharge is a voluntary separation.
• B) a layoff is a voluntary separation and a discharge is an involuntary separation.
• C) a discharge occurs when the company's strategy forces it to reduce its workforce and a layoff occurs when there is a poor fit between the employee and the organization.
• D) a layoff occurs when the company's strategy forces it to reduce its workforce and a discharge occurs when there is a poor fit between the employee and the organization.

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Definitions:

NYSE

The New York Stock Exchange, one of the largest equity markets in the world, where public corporations list their shares for trading by investors, providing a platform for buying and selling equity securities.

TSX

Toronto Stock Exchange, the largest stock exchange in Canada and the third largest in North America by market capitalization.

Market Value

The existing market price for the acquisition or disposal of an asset or service.

Auction Markets

Marketplaces where buyers and sellers bid on assets, with the highest bid winning the asset.