Which of the Following Is Not True for Firing Permanent

question 72

Multiple Choice

Which of the following is not true for firing permanent employees?

• A) Deciding who will go and who will stay is difficult.
• B) Keeping senior employees is always the least cost effective approach.
• C) It can involve severance pay.
• D) Valuable knowledge may leave with the employee.
• E) It can harm morale.

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Definitions:

Marginal Cost

The cost increase brought about by the production of an extra unit of a product or service.

Pure Monopolist

A market situation where a single company is the sole producer and seller of a product or service, without any close substitutes.

Nondiscriminating Monopolist

Refers to a monopolist who charges all consumers the same price for its product or service, as opposed to price discrimination practices.

Pure Monopolist

A market structure where a single seller controls the entire supply of a product or service, and no close substitutes exist.