________ Is a Measure of How Appropriate Organisational Goals Are

question 28

Multiple Choice

________ is a measure of how appropriate organisational goals are and how well an organisation is achieving those goals.

• A)Situational effectiveness
• B)Organisational effectiveness
• C)Competitor analysis
• D)Organisational strategy
• E)Environmental scanning

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Definitions:

Variable Labor

Labour costs that vary directly with the level of production or output in a business.

Average Variable Cost

The cost per unit of output that varies with the level of production, excluding fixed costs.

Average Total Cost

The sum of average variable costs and average fixed costs (costs that do not change with the level of output) divided by the quantity of output, representing the total cost per unit of output.

Average Fixed Cost

Permanent production expenses, which don't fluctuate with output changes, divided by the output number.