When Goals Are Clear and Agreed Upon,the Approach to Use

question 14

Multiple Choice

When goals are clear and agreed upon,the approach to use for organizational effectiveness is the

• A) goal accomplishment approach
• B) internal processes approach
• C) contingency organization approach
• D) organic organizations approach
• E) psycho-social organization approach

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Definitions:

Fixed Costs

Costs that do not change with the level of output produced, such as rent, salaries, or insurance expenses.

Maximizing Profits

The process of increasing the difference between revenue and costs to achieve the highest possible financial gain.

Economic Profit

The surplus remaining after total costs are subtracted from total revenue, considering both explicit and implicit costs.

Zero Profit

A situation where a firm's total revenues are exactly equal to its total costs, leading to no net gain or loss.