Functional Authority Allows Line Managers to Make Decisions and Issue

question 110

True/False

Functional authority allows line managers to make decisions and issue directive relating to the goals of the organisation.

---

Definitions:

ATC

The abbreviation for Average Total Cost, which is the total cost divided by the number of goods produced.

Fixed Cost

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

Variable Cost

Costs that vary directly with the level of output or production volume, such as materials and labor expenses.

Average Variable Cost

The total variable costs incurred by a firm divided by the quantity of output produced.