Which of the Following Is a Variable Cost in the Short

question 50

Multiple Choice

Which of the following is a variable cost in the short run?

• A) rent on the factory
• B) wages paid to factory labour
• C) interest payments on borrowed financial capital
• D) payment on the lease for factory equipment
• E) salaries paid to upper management

Understand effective supervisory responses to subordinate concerns and time management.

Identify strategies to manage and minimize workplace stress.

Recognize time wasters and develop strategies to prioritize tasks effectively.

Understand delegation as a critical supervisory skill and identify common obstacles to effective delegation.

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Definitions:

Business Performance

A measure of the efficiency, effectiveness, and sustainability of a business in achieving its goals, often evaluated in terms of profitability, revenue growth, and market share.

Compensation-Level Strategy

An approach to determine the relative pay levels and benefits within an organization to stay competitive in the job market and retain employees.

Formulation Of Compensation Strategy

The process of defining how an organization structures and offers compensation in order to attract, motivate, and retain employees.

Successful Formulation

The process of effectively creating or devising plans, strategies, or products that achieve desired outcomes or objectives.