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Use the following to answer questions:
-(Table: Costs of Birthday Cakes) Look at the table Costs of Birthday Cakes. Assume that fixed costs are $10. What is the marginal cost of the second cake?
Virtual Organization
An organization that operates primarily through electronic communication without a fixed physical location.
Multidivisional
A structure involving multiple, semi-independent divisions within an organization, each focused on a specific aspect of the organization's operations.
Multinational
Referring to a corporation or an entity that operates in multiple countries around the world.
Network
A group or system of interconnected people or things.
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