The Process of Reducing, Usually Dramatically, the Number of People

question 31

Multiple Choice

The process of reducing, usually dramatically, the number of people employed by the firm is referred to as

• A)division of work.
• B)reengineering.
• C)downsizing.
• D)job specialization.
• E)mass layoffs.

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Definitions:

Overvalued

A term describing assets or securities whose price is considered higher than their intrinsic or true value.

Voting Stock

Shares in a company that grant the holder the right to vote on company matters, such as electing the board of directors.

Contingent Payment

A payment that is due only upon the occurrence of certain events specified in a contractual agreement.

Cash Flows

The overall volume of cash inflows and outflows within a business, significantly affecting its financial fluidity.