In an Automated Payroll System, There Is Little Need for Managerial

question 79

True/False

In an automated payroll system, there is little need for managerial judgment in the task of printing and sending checks.

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Definitions:

Marginal Cost

The additional expense required to produce an extra item or unit of output, emphasizing its role in economic decision-making.

Fixed Cost

A cost that does not change with the amount of goods or services produced, such as rent, salaries, or loan payments.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in the market, often illegal or regulated by law.

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.