Typically,what Is an Organization's Largest Controllable Cost

question 97

Multiple Choice

Typically,what is an organization's largest controllable cost?

• A)technological costs
• B)capital costs
• C)labour costs
• D)benefits costs

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Definitions:

Keynesian Theory

An economic theory stating that government intervention through fiscal policy is necessary to manage aggregate demand and address unemployment and recession.

Say's Law

An economic theory stating that supply creates its own demand, suggesting that producing goods and services generates the means and the willingness to purchase other goods.

Demand-Oriented

Demand-Oriented is an approach or policy focused on increasing consumer demand to stimulate production and economic growth.

Aggregate Supply

The overall quantity of goods and services that businesses in an economic system aim to sell within a certain period.