Average Variable Cost Is

question 101

Multiple Choice

Average Variable Cost is

• A)the addition to cost associated with one additional unit of output.
• B)the per unit cost of production.
• C)the per unit variable cost of production.
• D)the per unit fixed cost of production.

---

Definitions:

Market Value

The current price at which an asset or service can be bought or sold in an open market.

Direct Payment

The monetary compensation paid directly to employees in the form of wages, salaries, commissions, and bonuses.

Goal-Sharing Plans

Incentive plans that reward employees for reaching specific organizational goals, similar to gain-sharing but often broader in scope.

Gain Sharing

A performance-based compensation strategy that rewards employees for contributing to their company's success through increased efficiency or profitability.