In an External Factor Evaluation Matrix,opportunities Often Receive Higher Weights

question 59

True/False

In an External Factor Evaluation Matrix,opportunities often receive higher weights than threats,but threats too can receive high weights if they are especially severe or threatening.

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Definitions:

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced; it decreases as production increases.

Output

The cumulative output of goods and services from a company or an economic system.

Average Total Cost

The total cost of production divided by the total number of units produced, representing the per unit cost of production.

Average Variable Cost

The cost of labor, materials, and other inputs that change with the level of output, averaged over the quantity produced.