A Firm That Exits Its Market Has to Pay

question 200

Multiple Choice

A firm that exits its market has to pay

• A)its variable costs but not its fixed costs.
• B)its fixed costs but not its variable costs.
• C)both its variable costs and its fixed costs.
• D)neither its variable costs nor its fixed costs.

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Definitions:

Strategic Plan

a documented course of action designed to achieve long-term goals and objectives, outlining the organization's strategy for execution.

Fundraising Scaffold

A strategic framework or support structure designed to enhance and guide the process of raising funds.

Gift Standards Chart

A guideline or tool used by nonprofit organizations to categorize and manage donations effectively, ensuring that gifts are recorded, acknowledged, and utilized according to donor intentions.

Quiet Phase

A period in fundraising, particularly in capital campaigns, during which an organization seeks major gifts in private before announcing the campaign publicly.