All of the Following Are Steps Contained in a Typical

question 83

Multiple Choice

All of the following are steps contained in a typical succession program except

• A)arranging job rotation and executive development programs.
• B)preparing management skills inventories.
• C)making management forecasts of the competition.
• D)making an organizational projection.
• E)drawing management replacement charts.

---

Definitions:

Marginal Cost

The increase in cost that results from producing one additional unit of a good or service.

Fixed Cost

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance, providing a base cost for operating a business.

Total Cost

The sum of all funds utilized in the production of goods or services, including both fixed and variable costs.

Marginal Cost

The rise in overall manufacturing expenses resulting from the creation of an extra unit.