In Which Situation May a Company NOT Want to Maximize

question 53

Multiple Choice

In which situation may a company NOT want to maximize profit?

• A) A small business owner who sells a highly specialized product at a high price in order to compete with more established businesses in the area
• B) A family-owned company who has to decide who to hire between a family member and a highly qualified candidate
• C) A conglomerate with a highly streamlined supply chain who sells generic goods
• D) A corporation that has performed poorly in the last two quarters and is looking for new upper-management

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Definitions:

Range

The difference between the highest and lowest values in a set of numbers, representing the spread or dispersion.

Extreme Scores

Statistical outliers in a data set often significantly higher or lower than most of the data.

Standard Deviation

A metric indicating the extent of spread or deviation among values in a collection.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values.