Decrease the supply of credit ...
Answer: B. The indicator of success was inappropriate.
Explanation:
The new policy was implemented to get 25% reduction in absenteeism. However, if vacations are also counted as absenteeism how would one specify if the policy introduced was successful or not?
Therefore, the success parameter was vague and there should be other parameters in order to judge the success of the new policy implemented.
Answer:
d. Ginger cannot be sued under the theory of product liability.
Explanation:
Ginger sells goods to restaurant, and not to direct customers.
Customers can sue the restaurant owner for selling such baked products to them, and not to the direct manufacturer of such products.
Therefore, Ginger cannot be sued.
Although for any loss, the restaurant owner can sue Ginger, but not the direct customers under any scheme of Product liability. As the liability is of restaurant towards people consuming such baked products.
Answer:
It occur where MR = MC
Explanation:
Perfectly competitive organization or firm is the one who is price taker, which states that they must accept the price at which it sells the goods to consumer.
In a firm that is a perfectly competitive, the level of output as well as the price happen where the Marginal Cost is equal to the Marginal Revenue.
It is stated as MR = MC.
