Two of the Primary Challenges Facing Managers Today Are ____

question 15

Multiple Choice

Two of the primary challenges facing managers today are ____.

• A)dealing with employee issues and maintaining good records
• B)dealing with the lack of information and union problems
• C)dealing with union and financial issues
• D)managing for a competitive advantage and diversity
• E)dealing with ethical dilemmas and decreasing diversity

---

Definitions:

Marginal Cost

The increase or decrease in the total cost incurred by producing one additional unit of a product or service.

Total Variable Costs

The sum of expenses that vary directly with the level of output production.

Average Total Cost

The per unit cost of production, calculated by dividing total cost by the total quantity of output produced.

Average Variable Cost

The total variable costs divided by the quantity of output produced, reflecting the per unit cost of variable inputs.