Regarding Flextime, Which of the Following Statements Is/are TRUE

question 185

Multiple Choice

Regarding flextime, which of the following statements is/are TRUE?

• A)Starting and quitting times are varied daily by supervisors to allow the largest employee pool available for the workload.
• B)There is more absenteeism as employees take advantage of the system.
• C)It is better to bend working arrangements than people.
• D)All of these have been found to be true.

---

Definitions:

Average Variable Cost

The cost per unit of varying inputs in the production process, calculated by dividing total variable costs by the quantity of output produced.

Economic Profits

Profits calculated by subtracting total explicit and implicit costs from total revenues; measures the excess over both the opportunity cost of capital and the wages that business owners could have earned elsewhere.

Marginal Cost

The escalation in total expenses incurred from the production of an additional unit of a product or service.

Marginal Costs

The change in total cost that comes from making or producing one additional item.