The Following Level of Management Deals with Summarized,integrated Operational Databases

question 75

Multiple Choice

The following level of management deals with summarized,integrated operational databases:

• A) Strategic
• B) Tactical
• C) Operational
• D) None of the above

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Definitions:

Marginal Cost

The expenditure resulting from the creation of an additional unit of a product or service.

Short-run Total Cost

The total of all costs, both fixed and variable, that a firm incurs in producing goods or services in the short run.

Average Total Cost

The cost per unit of output, determined by dividing the overall production cost by the quantity produced.

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced.