Low Uncertainty in the External Environment Is Created by

question 7

Multiple Choice

Low uncertainty in the external environment is created by

• A)High complexity and low stability.
• B)Low stability and low complexity.
• C)High stability and low complexity.
• D)Both A & B.

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Definitions:

Employee Compensation

Employee compensation includes all forms of pay and benefits that employees receive for their work, including salaries, wages, bonuses, and benefits.

Marginal Revenue

Marginal revenue is the additional revenue that a firm receives from selling one more unit of a good or service.

Average Total Cost

The total cost of production (fixed and variable) divided by the number of units produced, representing the per unit cost of production.

Marginal Cost

The cost of producing one more unit of a good or service.