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ABC Airlines hires flight attendants from diverse backgrounds and puts them through an extensive training and orientation program before they are approved to fly.In addition to learning about responding to medical issues and FAA guidelines,they also must learn the company's many rules and processes as contained in an extensive procedures and policies manual.ABC Airlines is adopting a(n) ______ option for managing diversity.
Profit Per Unit
The amount of financial gain earned on each unit of a product sold, calculated by subtracting the cost per unit from the selling price per unit.
Most Efficient Output
The level of production where average total costs are minimized.
Explicit Costs
These are direct monetary payments a firm makes to purchase inputs for its production, such as wages, rent, and materials.
Implicit Costs
The opportunity costs of using resources already owned by the firm for production, as opposed to external spending.
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