A Company Is Considering Three Alternatives (Action) to Deal with This

question 3

Multiple Choice

A company is considering three alternatives (action) to deal with this extra work load as shown below (in $100,000) .Using the minimin approach, the company should ________________________ .

• A)outsource
• B)hire temporary staff
• C)use full time staff in overtime
• D)use full time staff in overtime if the file modifications are easy
• E)hire temporary staff if the file modifications are moderately difficult

---

Definitions:

Price Discrimination

A pricing strategy where a firm sells the same product at different prices to different groups of consumers, based on their willingness to pay.

Movie Theater

A place where films are shown to the public for entertainment, typically featuring large screens and seating areas.

Electric Power Company

A business entity that generates, transmits, and distributes electricity to consumers and businesses.

Total Profits

The total earnings of a business after subtracting all costs and expenses from the total revenue.