Which Type of Cost Becomes Less Per Unit as the Entrepreneur

question 2

Multiple Choice

Which type of cost becomes less per unit as the entrepreneur produces more of a product?

• A) Fixed cost.
• B) Variable cost.
• C) Hidden cost.
• D) Costs of substitutes and complements.
• E) All of the above.

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Definitions:

Ethics

Refers to an individual’s beliefs about what is right and wrong and what is good and bad. Ethics are formed by the societal context in which people and organizations function.

Interactional Justice

A concept in organizational behavior regarding the treatment individuals receive as decisions are made, emphasizing dignity and respect.

Procedural Justice

The concept that fair and transparent processes are crucial in legal and organizational decisions, promoting trust and respect.

Distributive Justice

A principle concerning the fair allocation of goods, resources, and burdens among members of a society.