Total Cost Is Broken Down into Two Components

question 43

Multiple Choice

Total cost is broken down into two components:

• A)average cost and marginal cost.
• B)average cost and fixed cost.
• C)variable cost and marginal cost.
• D)variable cost and fixed cost.

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Definitions:

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives.

Spans Of Control

The number of subordinates or units that a manager or leader can directly oversee effectively.

Managers

Individuals responsible for planning, organizing, directing, and controlling resources to achieve specific organizational goals.

Subordinates

Employees or team members who are lower in rank or position and are typically under the direction of a manager or supervisor.