To Avail Voluntary Retirement Scheme the Employees Has to Complete

question 38

Multiple Choice

To Avail voluntary retirement scheme the employees has to complete minimum ……………………….. years service

• A)15 years
• B)20 years
• C)10 years
• D)5 years

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Definitions:

Network Effects

The phenomenon whereby increased numbers of people or participants improve the value of a good or service.

Economies Of Scale

The benefit that larger operations have, which allows them to produce goods or services at a lower unit cost as production scales up.

Demand Schedule

A table that shows the quantity of a good or service that consumers wish to buy at various prices.

Total Revenue

The sum of money a company earns from selling products or offering services over a specific time frame.