When Air Canada Was in the Process of Reorganizing Under

question 43

Multiple Choice

When Air Canada was in the process of reorganizing under the CCAA in 2003-2004,it was able to win wage concessions from its powerful unions by explaining that ________,if continued,would push Air Canada into bankruptcy.

• A) the high agency cost
• B) the high leasing cost
• C) the high variable cost
• D) the high cost structure