Owing to financial problems in the organization, the top management of an investment bank decided to reduce the number of middle managers by 10 percent. This is an example of _____.
A) insourcing
B) restructuring
C) task assessment
D) empowerment
E) delegation

Question

Quizplus · Accepted Answer

Restructuring involves simplifying, shrinking, or downsizing an organization's operations to lower operating costs.

Owing to Financial Problems in the Organization, the Top Management