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One of the myths that the Fiedler article discredits is the idea that some men are born leaders and that neither training,experience,nor conditions can materially affect leadership skills.
Per-Unit Cost of Production
The average cost incurred in producing one unit of a good or service, including all variable and fixed costs.
Grade-Point Average
A numerical representation of a student's academic performance, averaged across all completed courses.
Economic Profit
is the surplus or gain realized when the total revenues generated by a business exceed the explicit and implicit costs of operation.
Average Total Cost
The sum of all production expenses divided by the amount of products made.
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