Based on the Table Below,the Four-Firm Concentration Ratio Equals What

question 237

Multiple Choice

Based on the table below,the four-firm concentration ratio equals what percentage of annual sales? $$\begin{array} { l c } \text { Firm } & \begin{array} { c } \text { Annual Sales } \\\text { (\$ millions) }\end{array} \\\hline 1 & 20 \\2 & 30 \\3 & 5 \\4 & 5 \\5 \text { through } 100 & 40 \\\text { Total } & 100 \\\hline\end{array}$$

• A)33 percent
• B)40 percent
• C)60 percent
• D)100 percent

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Definitions:

Theory Y

A management concept that assumes employees are self-motivated, seek responsibility, and are creative problem solvers.

Incapable of Growth

A state or condition where an organism, individual, or entity cannot physically or developmentally expand or progress.

Family Preservation

Efforts and services aimed at keeping families together, preventing the unnecessary placement of children in foster care, group homes, or other institutional settings.

Organization Model

A conceptual framework that illustrates the structure, workflow, or operational principles of an organization, guiding its functions.