MATCHING KEY TERMS AND DEFINITIONS
-The transfer of ownership and control of one organization to another.
A)Multinational corporations
B)Work process engineering
C)Contingent workforce
D)Baby-boomers
E)Knowledge workers
F)Outsourcing
G)Downsizing
H)Acquisition
I)Core employees
J)Rightsizing
K)Workforce diversity
L)Code of ethics
M)Quality management
N)Kaizen
O)Globalization

Question

Quizplus · Accepted Answer

Acquisition refers to the transfer of ownership and control of one organization to another.

Answer: F
 Outsourcing refers to the practice of hiring a third party outside the company to perform services and functions that were previously handled by internal employees.

Answer: G
 Downsizing refers to the process of reducing the size and scope of a company, typically through layoffs or restructuring, in order to cut costs and improve efficiency.

Answer: D
 Baby boomers are individuals born between 1946 and 1964, who are now reaching retirement age and leaving the workforce in large numbers.

Answer: E
 Knowledge workers are employees who possess specialized knowledge, skills, and expertise that are critical to a company's success.

Answer: K
 Workforce diversity refers to the variety of differences between employees in a workplace, including differences in race, gender, age, and cultural background.

Answer: L
 A code of ethics is a set of principles or values that guide the behavior and decision-making of individuals and organizations.

Answer: M
 Quality management refers to the process of ensuring that a company's products or services meet or exceed customer expectations and are delivered in a consistent and efficient manner.

Answer: O
 Globalization refers to the increasing interconnectedness and interdependence of economies, cultures, and societies around the world.

(Note: There are multiple correct answers for some terms, but each answer provided is accurate.)