State University Recently Set Up a Telephone Hotline to Provide

question 41

Multiple Choice

State University recently set up a telephone hotline to provide advice, useful suggestions, and information about the resources available on campus for students who are experiencing academic difficulties. What type of support is being provided by the people who staff the State University hotline?

• A)tangible
• B)informational
• C)financial
• D)emotional

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Definitions:

Average Costs

Total costs (fixed and variable) divided by the total quantity of output produced, representing the cost per unit of production on average.

Variable Costs

Costs that change in proportion to the good or service that a business produces.

Shut Down

The cessation of operations, often temporarily, by a business or organization.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent or salaries.