Which of the Following Is Not a Criterion Used in Assessing

question 44

Multiple Choice

Which of the following is not a criterion used in assessing whether a managerial position should be included in the bargaining unit during the certification process?

• A) Whether the position is responsible for production or operations
• B) Whether the position has the authority to hire, fire, or discipline
• C) Whether the position has access to confidential information
• D) Whether the position requires a substantial amount of travel

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Definitions:

Diminishing Returns

A rule in economics that asserts once investments in a specific sector reach beyond a certain threshold, the returns on those investments will not keep rising if all other factors stay unchanged.

Marginal Costs

The additional cost incurred by producing one extra unit of a product or service, crucial for understanding economic efficiency and pricing.

Variable Costs

Expenses that vary directly with the level of production or output.

Long-Run Average Total Cost

The average cost per unit of output where all inputs are considered variable, calculated over a period where firms can adjust all factors of production.