………… Is Defined as Downgrading an Employee by Reducing His

question 68

Multiple Choice

………….. is defined as downgrading an employee by reducing his salary decrease his responsibility and authority and status

• A)Transfer
• B)promotion
• C)demotion
• D)none of these

---

Definitions:

Maximum Profit

The highest possible financial gain that can be achieved from business activities after all costs are subtracted.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Quantity Supplied

Quantity Supplied refers to the amount of goods or services that sellers are willing and able to sell at a given price over a specified period of time.

Price Increase

When the cost of goods or services rises over a period.