Michael is a middle-aged professional who lost his job five months ago when his former employer downsized. He has actively been looking for work ever since but has not been able to find a job that utilizes his abilities or offers an income similar to his previous position. He is beginning to realize that the only way for him to survive his current situation is to start his own business. In this scenario, Michael will most likely become a(n) _____.
A. venture capitalist
B. angel investor
C. necessity entrepreneur
D. baby boomer worker
Answer: C
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During sensitivity analysis, the shadow price indicates the maximum value of contribution coefficients that will not alter the value of the objective function
a. True b. False
In a disparate treatment case:
a. if the plaintiff meets the burden of proving a prima facie case, the burden of proof shifts to the employer. b. an employer will not prevail in the face of a plaintiff's prima facie case unless it can articulate legitimate, non-discriminatory reasons for its actions. c. if a plaintiff can show that a defendant's allegedly legitimate reason for not hiring plaintiff is merely a pretext for discrimination, the plaintiff wins. d. All of these.
If a firm cannot make a profit regardless of output volume, then:
A) FC > VC. B) VC > FC. C) VC > R. D) BEP > VC.