Examlex

Solved

Charlie Is a Human Resource Manager for a Midsize Corporate

question 37

Multiple Choice

Charlie is a Human Resource Manager for a midsize corporate firm.He recently had improvements done to his offices that has saved the company more than 25% of operating costs due to the energy saving upgrades.Charlie is now trying to convince the rest of the department managers to commit to similar improvements.Charlie is advocating for company _______________.


Definitions:

Minimum Price

A minimum price is a legally imposed threshold set above the equilibrium price, below which a certain good or service cannot be sold, often to protect producers.

Profitable Output

The level of production at which a business or economic activity yields the maximum profit.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services to consumers in exchange for money.

Total Profit

The overall financial gain made by a business after subtracting all costs from the total revenue generated from its operations.

Related Questions