Which Department in a Company Carries the Primary Responsibility for Achieving

question 134

Multiple Choice

Which department in a company carries the primary responsibility for achieving profitable growth?

• A) Accounting
• B) Product development
• C) Operations
• D) Human resources
• E) Marketing

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Definitions:

Marginal Cost

The added expenditure resulting from creating an additional product or service unit.

Long Run

A period of time in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Zero Economic Profit

A situation where total revenues are exactly equal to total costs, indicating no supernormal profit beyond the normal rate of return.

Marginal Cost

The increase in total production cost that comes from making or producing one additional unit of a good.