The Minimum Point on the Average Variable Cost Curve Is

question 224

Multiple Choice

The minimum point on the average variable cost curve is called

• A)the shutdown point.
• B)the break-even point.
• C)the loss-minimizing point.
• D)the point of diminishing returns.

---

Definitions:

Human Resource Management

The strategic approach to the effective management of an organization's workers, focusing on policies and systems to maximize employee performance.

Theory X

A management theory assuming that employees are inherently lazy and will avoid work if they can, implying that a strict control and supervision are necessary.

Type A Personality

A temperament characterized by high levels of competitiveness, self-motivation, aggressiveness, impatience, and a sense of urgency, often linked to stress and achievement in careers.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, leading to greater sales or margins and/or retaining more customers.