__________ Type of Layout Is Also Called as Functional Layout

question 2

Multiple Choice

__________ type of layout is also called as functional layout.

• A)process.
• B)product.
• C)line.
• D)matrix.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or sales, such as materials and labor.

Total Cost

The sum of all costs incurred by a business in producing a good or service, including both fixed and variable costs.

Output

The total quantity of goods or services produced by a company or an economy.

Average Total Cost

The total cost of production divided by the number of units produced, representing the per-unit cost of production including both fixed and variable costs.