The Purchasing Manager for Telsa Motor Co

question 111

Multiple Choice

The purchasing manager for Telsa Motor Co.decides to call three suppliers of automobile windshields to ask for a bid on an order for 1,000 windshields for a new Ford car,instead of calling a hundred possible windshield suppliers for such a bid.What type of decision does this represent for the purchasing manager?

• A) Nonprogrammed
• B) Illusion of control
• C) Certainty
• D) Programmed
• E) Satisficing

Explain the full economic costs of production represented by total cost.

Differentiate between average fixed cost (AFC), average total cost (ATC), average variable cost (AVC), and marginal cost.

Analyze the impact of changes in production levels on the firm’s marginal cost.

Understand the principle of profit maximization for a perfectly competitive firm and the primary decision-making focus.

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