Which of the following is a rare occurrence in case of poor performance by a company?

A. Firing the CEO
B. Firing the lower-level management
C. Firing the middle management
D. Firing a few managers from the senior management

Answer: A

Economics

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If Jason's fixed cost totals $400 with variable cost per unit of $10 at a quantity of 80 units, what would his average total cost at 80 units of output equal?

a. $10 b. $14 c. $15 d. $805

Economics

Suppose the yen value of a $100,000 wheat import contract rises from ¥12,000,000 to ¥13,000,000 between the contract and the payment date. This implies that the yen value of 1 dollar has declined so that, other things equal, we can expect an increase in Japanese demand for U.S. goods

a. True b. False Indicate whether the statement is true or false

Economics