A job loss that results from a business decision is known as a ____.

A job loss that results from a business decision is known as a ____.

• A. layoff
• B. firing
• C. performance review
• D. probation

Answer: (A)

A job loss that results from a business decision is accurately termed a layoff. This situation typically arises when a company needs to reduce its workforce for economic reasons, such as restructuring, downsizing, or financial difficulties. Layoffs are often considered permanent or temporary job eliminations due to changes in the business environment or strategic shifts rather than performance-related issues of individual employees. In contrast, the other terms denote different scenarios. Firing usually refers to an employee being dismissed due to poor performance, violation of company policies, or behavioral issues, which is distinctly different from the broader strategic decisions driving layoffs. Performance reviews are assessments of an employee's work performance, which can influence job security but do not directly result in a job loss. Probation refers to a trial period during which an employee is evaluated; while it can lead to termination, it is not a term used for mass job losses resulting from business decisions.

A job loss that results from a business decision is accurately termed a layoff. This situation typically arises when a company needs to reduce its workforce for economic reasons, such as restructuring, downsizing, or financial difficulties. Layoffs are often considered permanent or temporary job eliminations due to changes in the business environment or strategic shifts rather than performance-related issues of individual employees.

In contrast, the other terms denote different scenarios. Firing usually refers to an employee being dismissed due to poor performance, violation of company policies, or behavioral issues, which is distinctly different from the broader strategic decisions driving layoffs. Performance reviews are assessments of an employee's work performance, which can influence job security but do not directly result in a job loss. Probation refers to a trial period during which an employee is evaluated; while it can lead to termination, it is not a term used for mass job losses resulting from business decisions.