If You Are Looking to Improve Your Flexibility, What Should

question 23

Multiple Choice

If you are looking to improve your flexibility, what should you do?

• A) Look for a position that has existed for a long time. All the problems associated with the position have been worked through.
• B) Look to be a participant at the formation of a group.
• C) Look to be a participant in a group later in its life cycle; in that way you can avoid all the conflict.
• D) Look to work in a company that values reliable performance.

---

Definitions:

Variable Costs

Expenditures that adjust in relation to the level of production.

Fixed Costs

Costs that do not vary with the level of output produced by a firm, such as rent, salaries, and insurance premiums.

Profit

The financial gain obtained when the revenue from a business activity exceeds the expenses, costs, and taxes.

Variable Costs

Costs that change in proportion to the level of production or business activity, such as raw materials and direct labor.