Recall the Application About the Best Speed at Which to Sail

question 98

Multiple Choice

Recall the Application about the best speed at which to sail an ocean cargo ship to answer the following question(s) .
-Based on the Application,a ship captain will decide to sail a ship slower if

• A) the marginal benefit of a faster sail is less than the marginal cost.
• B) the marginal benefit of a faster sail is more than the marginal cost.
• C) the marginal benefit of a faster sail is equal than the marginal cost.
• D) the marginal benefit of a faster sail is positive.

Understand the role of realistic job previews in employee retention and satisfaction.

Recognize the importance of leveraging technology in recruitment processes.

Understand issues related to workplace diversity and inclusion within mentoring programs.

Comprehend the impact of internal and external recruitment on an organization's dynamism and employee morale.

---

Definitions:

Unit Variable Cost

The cost associated with producing one additional unit of a product, including materials, labor, and other variable expenses.

Sales Volume

Sales volume refers to the number of units of a product sold over a specific period, serving as a measure of business activity and market demand for the product.

Unit Price

The cost of a single item or unit of measure for goods or services, facilitating comparison of costs among similar items.

Fixed Costs

Costs that do not change with the level of production or sales activity, such as rent or salaries.