All of the Following Are Forces Causing Managers to Go

question 76

Multiple Choice

All of the following are forces causing managers to go beyond traditional frameworks except:

• A)globalization
• B)rapid changes in information technology
• C)shorter life cycles
• D)size

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Definitions:

Marginal Cost

Marginal cost is the change in total cost that arises when the quantity produced is incremented by one unit; it is the cost of producing one more unit of a good.

Marginal Productivity

The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.

Diminishing

The process of lessening or decreasing in size, importance, or intensity.

Output

The quantity of goods or services produced by a business, individual, machine, or industry over a specified period.