The Organizational Behavior Course Has a Project as a Key

question 165

Multiple Choice

The organizational behavior course has a project as a key requirement in the course.As part of the course's evaluation,students must indicate which group member is the most valuable to the group.The designated individual will receive bonus points.Nick is the only one in his course project group who can create effective PowerPoint presentations.As the group's presentation must feature a visual aid,Nick is very confident he will be chosen as the most valuable group member.Elizabeth just arrived at the group meeting with ideas for depicting colorful poster boards with the same information.The group was very enthusiastic about her novel ideas.This scenario demonstrates the impact ___________ has on the level of power one has.

• A)importance
• B)dependency
• C)scarcity
• D)substitutability

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Definitions:

Average Fixed Cost

The constant expenses associated with production (expenses unaffected by output levels) divided by the volume of production.

Total Fixed Cost

The sum of all costs that do not change with the level of output or activity over a short period, such as rent, salaries, and equipment maintenance costs.

Average Total Cost

The total cost of production divided by the number of units produced.

Implicit Costs

The opportunity costs of using resources owned by the firm for its project instead of selling or renting them to others.