Refer to Scenario: ConocoPhillips.Which of the following is a short-term cost adjustment that ConocoPhillips is implementing to reduce costs?
A)exit incentives
B)exploration work shutdowns
C)extending reductions in salary
D)voluntary sabbaticals

Question

Quizplus · Accepted Answer

Exploration work shutdowns are a short-term cost adjustment as they involve stopping operations immediately to reduce expenses. Exit incentives, extending reductions in salary, and voluntary sabbaticals are all long-term cost adjustment measures.