Which of the Following Statements Is (Are) TRUE

question 30

Multiple Choice

Which of the following statements is (are) TRUE?
I. If marginal cost is rising, the average total cost must be rising.
II. The marginal cost curve intersects both the average total and average variable cost curves at their minimum points.
III. If marginal cost is less than average variable cost, the average variable cost curve is negatively sloped.

• A) I, II, and III
• B) I and III
• C) II
• D) II and III

Assess the importance of technology in job design and the development of techno-human systems.

Understand different alternative work arrangements and their characteristics.

Identify the advantages and disadvantages of telecommuting for employees and organizations.

Recognize the importance and effects of work design elements such as job sharing, compressed workweek, and flexible working hours.

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Definitions:

Value

The importance, worth, or usefulness of something to individuals or society.

Pattern Recognition

The process of identifying patterns in data, enabling recognition, categorization, and prediction.

Entrepreneurial Opportunity

A favorable set of circumstances that creates a need for a new product, service, or business.

Creative Inspiration

The process or moment of being mentally stimulated to do or feel something, especially to something creatively.