Nakheel,the Property Unit of Dubai World,engaged in Several Rounds of Job

question 127

Multiple Choice

Nakheel,the property unit of Dubai World,engaged in several rounds of job cuts in 2008 and 2010.This is an example of

• A)forward integration.
• B)unrelated diversification.
• C)retrenchment.
• D)backward integration.
• E)divestiture.

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Definitions:

Marginal Abatement Cost

Represents the cost associated with eliminating an additional unit of a negative output, such as pollution.

Emissions Permit

A legal right granted by a government to emit a certain amount of pollutants into the atmosphere; often used in cap and trade programs.

Refundable Deposit

An amount of money given as security for an item that is intended to be returned, with the promise of repayment.

Marginal Private Cost

The change in a firm's total costs that comes from making one additional unit, considering only private costs without externalities.