In Techland,from 1980 to 2010,holding Technology and Human Capital Fixed,increasing

question 219

Multiple Choice

In Techland,from 1980 to 2010,holding technology and human capital fixed,increasing physical capital per worker from $25 000 to $100 000 would have led to a doubling of real GDP per worker,from $40 000 to $80 000.However,not only did physical capital per worker increase from $25 000 to $100 000,but also technological progress shifted the productivity curve upward so that real GDP per worker actually increased from $40 000 to $320 000.What share of the annual growth rate of real GDP per capita was attributable to higher total factor productivity?

• A) 2.0%
• B) 5%
• C) 8.75%
• D) 6.5%

Identify and classify different types of costs in a business environment, including fixed, variable, and mixed costs.

Understand the concept of cost behavior and how costs change with varying levels of activity.

Recognize committed and discretionary fixed costs and their impacts on financial decision-making.

Calculate the contribution margin and understand its significance in business decision-making.

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Definitions:

Informal Structures

Informal structures refer to the unofficial, often unacknowledged, networks and relationships that exist within an organization, influencing communication, decision-making, and social interactions.

Social Relationships

Connections between individuals based on mutual interests, social ties, or interactions that impact behavior and attitudes.

Traditional Organizational Structures

Hierarchical arrangements where authority flows from the top down, characterized by clear departmental boundaries and responsibilities.

Functional

Relates to the specific role or purpose something serves within a larger system or structure.