Which of the Following Best Explains Why Most Firms Do

question 24

Multiple Choice

Which of the following best explains why most firms do not provide rejected applicants with detailed explanations about the employment decision?

• A) lack of technical abilities
• B) adherence to federal laws
• C) concerns about legal disputes
• D) time required of line managers
• E) associated costs of mailing letters

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Definitions:

Total Variable Costs

Expenses that change in proportion to the activity of a business such as materials, labor, and utilities, which vary with the level of output.

Average Fixed Cost

Production's fixed expenses (unchanged by the amount of production) split by the quantity of product made.

Average Variable Cost

The cost that varies with the level of output, computed by dividing total variable costs by the quantity of output produced.

Total Cost

A comprehensive total of expenses involved in the creation of goods or services, covering both fixed and variable costs.