Although There Was a Financial Crisis in 2007-2010, Some Firms

question 43

Multiple Choice

Although there was a financial crisis in 2007-2010, some firms were able to weather the crisis.These firms had all of the following characteristics which were directly responsible for their ability to survive the crisis EXCEPT:

• A)Tight control over fixed and variable costs
• B)Low business risk
• C)A business model which encouraged risk taking by management that paid off
• D)Low product pricing

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Definitions:

Points

An exact location in space, often represented in mathematics by coordinates.

Distance

The length between two points, often calculated using various formulas depending on the context, such as the distance formula in a coordinate plane.

Decimal Places

The number of digits to the right of the decimal point in a number.

Coordinates

A set of values that show an exact position on a graph, map, or in a space.