The Use of Seniority as a Layoff Criterion

question 44

Multiple Choice

The use of seniority as a layoff criterion:

• A) is not common among most modern organizations.
• B) tends to impact women and minorities more than other groups.
• C) tends to be the most difficult layoff criterion to implement.
• D) is the only safe option in today's HRM legal environment.

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Definitions:

Fair Value

The estimated market value of an asset, liability, or financial instrument at a given point in time.

Goodwill Impairment

A decrease in the value of a company's goodwill asset, indicating that the value of an acquired company's brand, customer base, or proprietary technology has declined.

Depreciation Expense

The allocation of the cost of a tangible asset over its estimated useful life to account for wear and tear, obsolescence, or decay.

Coupon Rate

The interest rate that a bond issuer will pay to a bondholder.