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Affirmative action is a quota system that states a number of minorities that must be hired,admitted,or promoted,regardless of qualifications.
Fixed Costs
Expenses that do not change in proportion to the activity of a business, such as rent, salaries, or insurance premiums.
Negative Returns
A situation in which an increase in the amount of inputs used leads to a decrease in the level of output, often seen in cases of over-investment or inefficient production processes.
Worker
An individual who performs tasks or services for compensation; an employee.
Variable Cost
Costs that change in proportion to the activity or volume of output in production, such as raw materials and direct labor costs.
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