The Decision by ABC International to Downsize and Reduce Its

question 32

Multiple Choice

The decision by ABC International to downsize and reduce its labor force is in the:

• A) domain of codified law.
• B) domain of free choice.
• C) domain of ethics.
• D) social responsibility.
• E) none of these.

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Definitions:

Marginal Cost

The expense incurred from the production of an extra single unit of a product or service.

Total Cost

The complete cost of production that involves both fixed and variable costs to produce a given level of output.

Cherry Orchard

A cultivated area where cherry trees are grown for fruit production.

Marginal Cost

The cost of producing an additional unit of a good or service.