Figure 11-7 Figure 11-7 Shows the Cost Structure for a Firm

question 177

Multiple Choice

Figure 11-7

Figure 11-7 shows the cost structure for a firm.
-Refer to Figure 11-7.When the output level is 100 units average fixed cost is

• A)$10.
• B)$8.
• C)$5.
• D)This cannot be determined from the diagram.

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Definitions:

Human Resources Planning

The process of forecasting an organization’s future human resources needs and developing strategies for meeting those needs, including recruiting, training, and retaining employees.

Organizational Strategy

A plan of action designed to achieve long-term or overall goals and objectives of an organization.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.

Balanced Scorecard

A strategic planning and management system used by organizations to communicate what they are trying to accomplish, align the day-to-day work that everyone is doing with strategy, measure and monitor progress towards strategic targets.