The Manager of Greene Enterprises,Inc $A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }$

question 8

Multiple Choice

The manager of Greene Enterprises,Inc.,recently estimated its average variable cost (AVC) function to be $A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }$ Greene Enterprises faces total fixed costs (TFC) of $300,000.When Greene's output is 6,000 units,average variable cost (AVC) is

• A)rising
• B)falling
• C)greater than short-run marginal cost
• D)less than short-run marginal cost
• E)both a and d

Identify the characteristics and differences between mechanistic and organic bureaucracies.

Recognize the various ways organizations can be structured, including by function, product, territory, process, or customer.

Explain the concept of centralization and decentralization in decision-making within organizations.

Understand the significance of formalization in an organization, including rules, policies, and procedures.

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Definitions:

Scientific Experiment

A procedure carried out to support, refute, or validate a hypothesis through methodical observation, measurement, and data analysis.

Informal Research

A method of gathering information that is more casual and not rigorously structured, often used for internal purposes or preliminary investigations.

Business Writers

Professionals who specialize in creating and composing written material for business purposes, such as reports, proposals, and communications.

Ambiguous Wording

Language that is open to more than one interpretation, making it unclear or uncertain.