Matching Key Terms and Definitions

question 29

Multiple Choice

Matching Key Terms and Definitions
-Standards and guidelines that are known and widely shared by all.

• A)Strong organizational culture
• B)Weak organizational culture
• C)Socialization (or enculturation)

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Definitions:

Average Fixed Costs

The fixed costs of production divided by the quantity of output produced, decreasing as production increases.

Annual Fixed Cost

The total of all business expenses that remain constant regardless of any change in production levels or sales volume over a year.

Total Output

The aggregate quantity of goods or services produced by an economy, sector, or production process over a specific period.

Barbershop

A place of business where people, typically men, go to get haircuts and often beard trims or shaves.