Cutting down extra fat at each managerial level to be cost effective is called _______.

layoff

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retrenchment

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downsizing

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voluntary retirement

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Solution

The correct option is C downsizing
Downsizing is the planned elimination of positions or jobs.
Downsizing can occur for many possible reasons. Typically, the company cuts jobs in order to lower costs or maintain profitability.

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___ is a computer based information system, that provides information and support for effective managerial decisions.

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