Norms Are Reflected by Things Such As

question 70

Multiple Choice

Norms are reflected by things such as:

• A)Common language, terminology, and rituals
• B)How employees and customers should be treated
• C)The amount of work to be done
• D)By the way participants feel about the way they are treated by higher-level management

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Definitions:

Fixed Cost

Costs that do not change with the amount of goods or services produced, such as rent, salaries, and loan payments.

Variable

A variable represents any quantity, factor, or feature that can vary or change in mathematical modeling, statistics, and scientific experiments, influencing results or outcomes.

Output

Refers to the total amount of goods or services produced by an individual, company, or economy.

AVC

Average Variable Cost, the total variable costs divided by the quantity of output produced.