If a Short-Run Fixed Cost Is Sunk, Then

question 51

Multiple Choice

If a short-run fixed cost is sunk, then

• A)losses can be minimized by shutting down.
• B)the firm should keep producing to cover the sunk cost.
• C)the cost cannot be avoided by shutting down.
• D)Both B and C.

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Definitions:

Subordinate Acceptance

refers to the extent to which subordinates support and adhere to the decisions and leadership of their superiors within an organization.

Participative Leadership

A leadership style where decisions are made with the input and involvement of team members, leading to increased involvement and engagement.

Subordinate Performance

The work output or achievements of individuals who are in positions lower in the organizational hierarchy relative to their supervisors.

Inconsistent

Lacking coherence or uniformity in actions, values, or principles, leading to unpredictability and potential confusion.