Joanne applies for a job as a part-time manager at a fast-food restaurant. Her MBA makes her overqualified for the job, yet the position goes to someone else who doesnâ€™t have a college degree. Consider the following statement: "The aforementioned scenario was caused by asymmetric information." This statement is: A. True B. False

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09-12-2022
Business

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Joanne applies for a job as a part-time manager at a fast-food restaurant. Her MBA makes her overqualified for the job, yet the position goes to someone else who doesnâ€™t have a college degree. Consider the following statement: "The aforementioned scenario was caused by asymmetric information." This statement is: A. True B. False

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ShubhamSrivastava ShubhamSrivastava · Answer 1 · 2022-12-16T08:26:07-05:00

Joanne submits an application to work as a temporary manager at a fast-food establishment. She is overqualified for the job due to her MBA, but someone without a college degree was chosen instead. Think about the sentence, "Asymmetric information triggered the aforementioned circumstance." This assertion is True.

So, the correct option is (A).

What is fast-food?

With a significant emphasis on speed of serving, fast food is a category of mass-produced cuisine intended for commercial resale. It is a word used in commerce to describe meals served in containers for takeout or takeaway that contains frozen, previously heated, or previously cooked components. In order to serve a huge number of harried commuters, tourists, and wage workers, fast food was developed as a business strategy. Globally, the value of the fast food sector was estimated at $570 billion in 2018. The drive-through has always set fast food restaurants apart. Outlets could be stands or kiosks that don't offer any protection or sitting, or they could be fast food joints (also known as quick service restaurants).

To learn more about fast-food, visit:

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