Question

You are the CEO of a taxi company in city A. A recent strike in your company by taxi drivers has resulted in a high wage settlement in city A. You now have to pay taxi drivers 10.0 percent more wage compared to the wage before the strike took place. Should you increase taxi fares?

Answer 1

Answer:

No I will not increase the taxi fares

Answer 2

Yes the taxi fares must be increased or the CEO of the company will soonrun out of money and the taxi drivers will have to work for an year without payment....
These crises occurs most of the time in many institutions companies etc.