If a Firm's Sales Are $8 Million,its Fixed Costs Are

question 142

Short Answer

If a firm's sales are $8 million,its fixed costs are $4 million,and its variable costs are $3 million,what does it do in the (a)short run? (b)long run?

---

Definitions:

360-Degree Performance

A method of performance assessment where an employee is evaluated by feedback from supervisors, peers, subordinates, and sometimes clients.

Supervisors

Individuals who oversee and manage the work performance of others, ensuring tasks are completed efficiently and effectively.

Subordinates

Employees who work under the supervision of a manager or superior within an organizational hierarchy.

Leniency Bias

The tendency to evaluate others more favorably than their actions or performance might warrant.