Suzy Is an Accounts Payable Clerk

question 57

True/False

Suzy is an Accounts Payable Clerk. Her position requires that she be proficient in the creation and use of Excel spreadsheets. She has mastered the use of spreadsheets but has not had the appropriate training in creating spreadsheets. Identifying this gap in her KSAs is an example of a task analysis.

---

Definitions:

Shutdown Point

The level of output and price at which a company's revenue just covers its variable costs, below which the company would lose more money if it continued to operate.

Short Run

A period in economic analysis where at least one input is fixed and cannot change, influencing decision-making and production.

Long Run

An economic period sufficiently long enough to allow all inputs or factors of production to be varied or adjusted, as opposed to the short run where some inputs are fixed.

Marginal Cost

The added expense resulting from creating one more unit of a good or service.