A(n)____ Depicts the Hierarchy of Employees in a Typical Organization

question 2

Multiple Choice

A(n) ____ depicts the hierarchy of employees in a typical organization.

• A) mission statement
• B) strategy table
• C) roster
• D) organizational chart

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Definitions:

Marginal Cost

The rise in expense associated with the production of an extra unit of a product or service.

Average Variable Cost

The total variable cost divided by the quantity of output produced; it measures the variable cost per unit of output.

Average Total Cost

The per unit cost of production, calculated by dividing the total costs by the quantity of output produced.

Profit-maximizing

A strategy or point at which a business makes the greatest financial gain, where marginal revenue equals marginal cost.