________ is the process by which organizations cut costs by laying off managers and workers.
A) Outsourcing
B) Downsizing
C) Strategic planning
D) Corporate empowerment

Question

Quizplus · Accepted Answer

Downsizing is the process of reducing the size of an organization by cutting costs, which typically involves laying off managers and workers. Outsourcing involves contracting work to an external company, while strategic planning and corporate empowerment are broader management processes that may or may not involve downsizing.

________ Is the Process by Which Organizations Cut Costs by Laying