For a Large Firm That Produces and Sells Automobiles, Which

question 223

Multiple Choice

For a large firm that produces and sells automobiles, which of the following costs would be a variable cost?

• A)the unemployment insurance premium that the firm pays to the state of Missouri that is calculated based on the number of worker-hours that the firm uses
• B)the cost of the steel that is used in producing automobiles
• C)the cost of the electricity of running the machines on the factory floor
• D)All of the above are correct.

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Definitions:

Culturally Diverse

Individuals (e.g., providers or clients) who come from culturally different, diverse, or distinct backgrounds. Used synonymously with cross-cultural.

Place of Birth

The geographical location where a person was born.

Ethnic Groups

Communities or populations sharing common cultural attributes, ancestry, language, or beliefs, defining their social identity.

Cultural Factors

Elements of a culture that influence the thoughts, behaviors, and practices of its members, including norms, values, and beliefs.