A Grocery Store Should Close at Night If the

question 30

Multiple Choice

A grocery store should close at night if the

• A) variable costs of staying open are less than the total revenue due to staying open.
• B) total costs of staying open are less than the total revenue due to staying open.
• C) variable costs of staying open are greater than the total revenue due to staying open.
• D) total costs of staying open are greater than the total revenue due to staying open.

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Definitions:

Human Capital

An organization's employees, described in terms of their training, experience, judgment, intelligence, relationships, and insight.

Economic Value

The worth of a good or service determined by the market, based on its ability to generate income or its utility to consumers.

Sustainable Competitive Advantage

A unique advantage that a company is able to sustain over time, protecting it from competition and allowing it to maintain higher margins or market share.

High-quality Employees

Workers who display excellence in their performance, reliability, and contribution to the organization.