An Organization That Values Cultural Diversity and Is Willing to Utilize

question 3

Multiple Choice

An organization that values cultural diversity and is willing to utilize and encourage it is referred to as a ________ organization.

• A)monolithic
• B)multicultural
• C)pluralistic
• D)multinational
• E)bureaucratic

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Definitions:

Marginal Cost

The additional financial cost due to the creation of an extra product or service unit.

Average Total Cost

The average total cost is the total cost of production divided by the quantity of output produced.

Marginal Cost Curve

A visual diagram that illustrates the variation in the cost to produce an additional unit of a product as the quantity produced changes.

Average Total Cost Curve

A curve that shows the average cost per unit of output at different levels of production; it typically has a U-shape.