A ______ Cost Is ______ If the Firm Doesn't Incur

question 31

Multiple Choice

A ______ cost is ______ if the firm doesn't incur the cost if it produces no output.

• A) Fixed; sunk
• B) Fixed; explicit
• C) Variable; sunk
• D) Fixed; avoidable

Grasp the principles and applications of incentive pay based on employee performance.

Understand the concept of capital budgeting and its significance in financial decision-making.

Grasp the principles of cash flow estimation and working capital management in capital budgeting projects.

Apply the concept of net present value (NPV) and the use of discount factors in evaluating the viability of projects.

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Definitions:

Work Tasks

are specific duties or responsibilities assigned to an individual or team as part of their job.

Psychological Empowerment

The feeling of increased self-efficacy among employees through recognition of their role and influence in the success of the organization, enhancing their motivation and commitment.

Meaningfulness

The sense or perception that one's work and efforts are worthwhile and important, contributing to a greater purpose or goal.

Self-concepts

The collection of beliefs, attitudes, and perceptions that an individual holds about themselves, shaping their identity and behavior.