For Small Quantities of Output,average Variable Cost Decreases as Output

question 141

Multiple Choice

For small quantities of output,average variable cost decreases as output increases due to:

• A)a reduction in the number of workers.
• B)diminishing return.
• C)labor specialization increases worker productivity.
• D)More information is needed to determine.

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Definitions:

Ethical Climate

The shared perception of what is ethically correct behavior and how ethical issues should be handled in an organization.

Ethics

The branch of knowledge that deals with moral principles, dictating what is good for individuals and society and establishing the nature of duties that people owe to themselves and each other.

Toxic Triangle

A concept in leadership studies that outlines a combination of destructive leaders, susceptible followers, and conducive environments that lead to harmful outcomes.

Elements

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