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Case WD 12-1 Jen Has Just Finished a Successful Fundraising

question 775

Multiple Choice

Case WD 12-1 Jen has just finished a successful fundraising campaign to raise money for the preservation of a local lake in her area. She wants to send thank you letters to all the people who contributed to the campaign, and plans to use Word's mail merge feature to do this. The name and contact information of the donors is stored in an Excel worksheet. This worksheet will be the ____ in the merge process.

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Definitions:

Economic Profit

The difference between the total revenue generated by a business and the total costs, including both explicit and implicit costs.

Marginal Product

The additional output that is produced by adding one more unit of a particular input, holding all other inputs constant.

Explicit Costs

Costs that involve direct monetary payment by a firm for the resources needed in production, such as wages and materials.

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