The Most Common Reason for Business Failure Is

question 41

Multiple Choice

The most common reason for business failure is:

• A)the global recession.
• B)financial mismanagement.
• C)government over-regulation.
• D)inflation.

---

Definitions:

Average Total Cost

The total cost divided by the quantity produced, representing the per-unit cost of production.

Marginal Costs

The expense involved in the production of an additional unit of a product or service.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the total number of units produced.

Fixed Cost

refers to a business expense that remains constant regardless of the level of production or sales, such as rent or salaries.