Recommendations Should Be

question 25

Multiple Choice

Recommendations should be:

• A)Hard to implement.
• B)Very complex.
• C)Very ambitious.
• D)Do-able or achievable. There is no point in making recommendations that cannot possibly be put in action, perhaps because the necessary resources would be not available, or perhaps because there would be too much opposition to them, or for other reasons.

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Definitions:

Marginal Revenue

The additional income generated from selling one more unit of a product or service.

Lump Sum

A significant amount of money paid all at once, as opposed to smaller payments or installments over time.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent or salaries.

Average Total Costs

The total expenses incurred in the process of producing or offering a good or service, divided by the quantity of goods or services produced or offered.