ABC Company Wants to Increase Its Profitability

question 71

Multiple Choice

ABC Company wants to increase its profitability.Which of the following would be inconsistent with the company's objective?

• A)Operate more efficiently
• B)Maintain price while increasing the size or amount of the product
• C)Reduce costs while maintaining the quality of the product
• D)Raise prices while increasing the quality of the product

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Definitions:

Cash Bonuses

Monetary rewards given to employees as incentives for achieving specific performance goals or milestones.

Senior Executive Ranks

The highest levels of management within an organization, typically responsible for strategic planning and decision-making.

Lower Ranks

Positions at the bottom or near the bottom of an organizational or hierarchical structure, often with fewer responsibilities and authority.

Non-Exempt Levels

Employment positions not covered by the Fair Labor Standards Act's overtime provisions, typically paid hourly.