The Following Data Confront a Business -If a Business Chooses to Produce 5 Units of Output

question 38

Multiple Choice

The following data confront a business:

$\begin{array}{cc}\text { Output }&\text { Marginal Revenue } &\text { Marginal Cost } \\0&16 & 10 \\2&16 & 9 \\3&16 & 13 \\4&16 & 15 \\5&16 & 21\\6\end{array}$
-If a business chooses to produce 5 units of output:

• A)the last unit produced will add $5 to profit
• B)the last unit produced will subtract from profit
• C)profits will be maximized
• D)it will continue to increase output since each additional unit produced adds to profit
• E)the last unit of output will add $16 to profit

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Definitions:

Succession Management

A strategic process for identifying and developing internal people with the potential to fill key business leadership positions in the company.

Staffing Inventories

A comprehensive list or database of an organization's current employees, including their skills, qualifications, and statuses, used for planning and decision-making purposes.

HR Supply Analysis

The evaluation of the current availability of human resources within an organization to meet its future HR demand, including assessing skills, capabilities, and numbers.

Leadership Crisis

A situation where there is a lack of effective leadership, potentially leading to reduced morale, performance, and organizational success.