If a Firm Mothballs a Factory So That Its Output

question 11

Multiple Choice

If a firm mothballs a factory so that its output is zero, which of the following costs will also be zero?

• A)variable cost
• B)total cost
• C)average cost
• D)all of the above

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Definitions:

Resistance to Change

The reluctance or opposition to modifications in procedure, process, or culture within an organization or individual life.

Self Competency

The awareness and development of one's own skills and abilities to perform tasks effectively.

Predictable Situations

Refers to scenarios or environments where outcomes and events occur in a manner that can be anticipated based on past experiences or known patterns.

Diagnose Organizational Problems

The ability to identify and analyze issues within an organization that hinder its effectiveness, in order to propose suitable solutions.