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Olivia,the general manager of a bowling center,believes in her workers and that they are responsible and capable employees,so that they can be trusted when given responsibility.Olivia is an example of a(n) ___ manager.
Variable Costs
Costs that vary directly with the level of production or business activity, such as materials and labor used in the production of goods.
Fixed Costs
Costs that do not vary with the level of output or sales in the short term, such as rent, salaries, or loan payments.
Long Run
A period of time in economics in which all factors of production and costs are variable, allowing all inputs to be adjusted.
Output
The total amount of goods or services produced by a company, industry, or economy within a specified period.
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