A Rough Order of Magnitude Estimate Can Be Referred to as a _____

question 41

Multiple Choice

A rough order of magnitude estimate can be referred to as a _____ estimate.

• A)definitive
• B)budgetary  
• C)final
• D)ballpark

Understand the increasing importance of communication skills as one takes on more leadership responsibility.

Identify and apply strategies to make communication efforts effective.

Recognize all parties affected by an organization's actions and the importance of stakeholders.

Learn methods to benefit an audience with your message.

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Definitions:

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good changes as production volume changes.

Perfect Competition

Perfect competition describes a market structure where many firms sell identical products, no single buyer or seller can influence the market price, and there is free entry and exit of firms.

Firm Profits

The financial gains a company makes after deducting all its expenses.

Marginal Cost Curve

A graph that shows the change in the cost of producing one more unit of a good.