What Was One of the First Actions Mary Barra Took

question 139

Multiple Choice

What was one of the first actions Mary Barra took when becoming CEO at General Motors to start to change its corporate culture?

• A)Fire 100 people to show she was serious.
• B)Change the dress code.
• C)Write a new employee manual.
• D)Give everyone a raise.

Recognize the conditions under which a firm should continue production, increase production, or shut down to minimize losses or maximize profits.

Understand the relationship between marginal cost, average variable cost, and market price in the context of purely competitive markets.

Identify the minimum price level at which a firm will produce output.

Analyze how cost data influences production levels and economic profits in purely competitive markets.

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Definitions:

NSF Check

A cheque that cannot be processed because the writer's account lacks sufficient funds, standing for "Non-Sufficient Funds."

Debit Memorandum

A document or entry that records an adjustment or reduction in expenses payable to a vendor or an increase in inventory cost.

Adjusting Entries

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditure to the correct periods.

NSF Check

A check that cannot be processed because the account on which it is drawn does not have sufficient funds.