Which of the Following Is a Not One of the Seven

question 150

Multiple Choice

Which of the following is a not one of the seven challenges a manager must deal with in the 21^st century?

• A)sustainability
• B)ethical standards
• C)economic stagnation
• D)globalization
• E)diversity

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Definitions:

Fixed Costs

Expenses that do not change with the level of output or sales within a certain range and period.

Break-Even Point

The point at which total revenues equal total costs, and the business makes neither profit nor loss.

Fixed Expenses

A repackaged definition of fixed costs emphasizing their nature as constant across different levels of output or sales.

Selling Price

The amount of money charged to the buyer for a product or service.