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Jocie Wants to Add a Graphic to Slide 9 to Represent

question 29

Multiple Choice

Jocie wants to add a graphic to Slide 9 to represent the role the organization plays in local communities, but she has been unable to find just the right graphic.You suggest that she ____.


Definitions:

Variable Costs

Costs that vary directly with the level of production or service activity.

Exiting

The process of leaving or withdrawing from a situation, market, or competition, often used in the context of firms leaving an industry.

Break Even

Break even is a point at which total costs and total revenues are exactly equal, meaning there is no net loss or gain, and the business or project is just covering its expenses.

Economic Profits

The difference between total revenues and total costs, including both explicit and implicit costs.

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