On Which of the Following Costs Should a Manager Not

question 51

Multiple Choice

On which of the following costs should a manager not be evaluated?

• A)Noncontrollable costs
• B)Opportunity costs
• C)Fixed costs
• D)Variable costs

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Definitions:

Unemployment Rate

The statistic representing the percentage of the labor force that is out of work but seeking employment.

World War II

A global conflict lasting from 1939 to 1945, involving most of the world's nations including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

Social System

A complex set of human relationships interacting in many ways within a community or society.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.