Which of the Following Statements About Home-Based Work and Telecommuting

question 8

Multiple Choice

Which of the following statements about home-based work and telecommuting is most accurate?

• A)The ABC Company wants to simplify its hiring and training procedures.
• B)The CDE Corporation wants to offer employees more flexibility in the types of fringe benefits they receive.
• C)EFG Clothiers wants to reduce the span of control of its supervisors.
• D)GHI Health Services wants to reduce absenteeism and tardiness.

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Definitions:

Output

The total amount of goods and services produced by a firm or country.

Average Fixed Costs

The fixed expenses of a business divided by the number of units produced, demonstrating how those costs dilute with increased production.

Implicit Costs

The opportunity costs of using resources owned by the firm for its own production instead of earning income from these resources elsewhere.

Explicit Costs

Direct, out-of-pocket payments made for operations or production, such as wages, rent, and materials.