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Case-Based Critical Thinking Questions
Case 10-1
Elaina is the database administrator for a women's fitness franchise. She has been asked to automate several of the database functions to make it easier for the front desk employees to provide information to clients. Elaina will create macros to automate the functions.
-Elaina needs to move the focus to a particular field in the Client form. Which Access action should she add to the macro?
Fixed Cost
Any cost that does not depend on the firms’ level of output. These costs are incurred even if the firm is producing nothing. There are no fixed costs in the long run.
Marginal Costs
Marginal Costs involve the additional expenses incurred from the production of one extra unit of a product or service.
Total Variable Cost
the sum of all costs that vary with the level of production, such as materials and labor directly involved in manufacturing.
Total Fixed Costs
The sum of all consistent, non-variable expenses a company must pay, regardless of its level of production.
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