Due to a Recent Merger with Another Major Airline,ABC Airlines

question 17

Multiple Choice

Due to a recent merger with another major airline,ABC Airlines decided to lay off some of its employees.ABC Airlines offers training sessions to teach job search and interviewing techniques to those laid off employees.Which kind of service was provided by this airline?

• A)employee assistance program
• B)tuition reimbursement
• C)wellness program
• D)outplacement assistance

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Definitions:

Higher Opportunity Cost

The increased potential loss of choosing one option over another, indicating a sacrifice of higher value alternatives.

Absolute Advantage

The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Comparative Advantage

The capacity of a nation, person, business, or area to generate a product or offer a service with a smaller opportunity cost compared to its rivals.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.