If Marginal Cost Is Greater Than Average Cost Then Average

question 7

True/False

If marginal cost is greater than average cost then average costs fall.

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Definitions:

Less Bureaucratic

Describes an organization or system that is more flexible and has fewer rigid procedures, rules, and hierarchical levels.

Empowering Leadership

A leadership style that seeks to give employees more autonomy, confidence, and the ability to make their own decisions in their roles.

Flatter Organizations

Organizations with fewer hierarchical levels, promoting faster decision-making, increased responsibility for employees, and often, more open communication paths.

Flexible

Capable of bending easily without breaking or able to be easily modified to respond to altered circumstances or conditions.