GE Has Fixed Costs of $13B and Variable Costs for the Year

question 69

Multiple Choice

GE has fixed costs of $13B and variable costs for the year of $8B. Their total costs are:

• A)$5B
• B)$21B
• C)$13B
• D)there is not enough information to calculate

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Definitions:

Negotiation

A dialogue between two or more people or parties intended to reach a beneficial outcome over one or more issues where conflict exists.

Win-Lose

A competitive situation or outcome in which one party's gain is exactly balanced by another's loss.

Motivational Theories

A set of theories in psychology that attempt to explain how people are motivated to achieve certain goals and how this motivation influences their behavior and performance.

Maslow

Refers to Abraham Maslow, an American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.