A Group of Friends Recently Started Manufacturing Specialty T-Shirts

question 110

Multiple Choice

A group of friends recently started manufacturing specialty T-shirts. The business has grown rapidly, with monthly production up from 50 to 250 in the first 6 months. During this same period, average production cost has been cut in half. The firm's long-run average cost curve over this range of output:

• A) is downward sloping.
• B) is upward sloping.
• C) is horizontal.
• D) may be any of the above.

---

Definitions:

Absenteeism

The habitual non-presence of an employee at their job, which can be due to various reasons including illness, personal issues, or disengagement from work.

Directing And Controlling

Leadership activities focused on guiding team efforts towards goal achievement and ensuring that these efforts comply with organizational standards and objectives.

Henry Mintzberg

A renowned academic and author in the field of business and management, known for his theories on business strategy and organizational structures.

Interpersonal

Pertaining to the interactions and relationships between individuals.