The ________ That a Firm Takes in When It Increases

question 144

Multiple Choice

The ________ that a firm takes in when it increases output by one additional unit is marginal revenue.

• A) total revenue
• B) added revenue
• C) extra resources
• D) additional labor

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Definitions:

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

Overhead Volume Variance

A measure of the difference between the estimated and actual overhead costs, due to changes in production volume.

Controllable Costs

Expenses that a manager or business can influence or regulate, such as marketing costs or raw material purchases.

Fixed Costs

Business expenses that remain constant regardless of production volume, such as rent or salaries.