Which of the Following Is Always True

question 98

Multiple Choice

Which of the following is always true?

• A) When marginal costs are less than average total costs, average total costs will be decreasing.
• B) When average fixed costs are falling, marginal costs must be less than average fixed costs.
• C) When average fixed costs are rising, marginal costs must be greater than average total costs.
• D) When marginal costs are greater than average total costs, average total costs will be decreasing.

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Definitions:

Labor Costs

Expenses related to compensating employees, including wages, benefits, and taxes.

Culture Shock

The experience of disorientation and stress that results from being in an unfamiliar cultural environment.

Long-Term Oriented

A focus or perspective that emphasizes planning and prioritizing future rewards over immediate outcomes.

High Power Distance

A term from cultural dimensions theory referring to the degree to which less powerful members of organizations within a country expect and accept that power is distributed unequally.