The Following Table Shows the Cost of Producing Different Units

question 51

Multiple Choice

The following table shows the cost of producing different units of ball point pens by a firm. Table 7.1
Refer to Table 7.1.What will be the average fixed cost of producing five ball point pens?

• A)$2
• B)$5
• C)$4
• D)$3.33
• E)$10

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Definitions:

Internal Attributions

The process of explaining someone's behavior based on internal characteristics such as personality, disposition, or attitude.

External Attributions

The process of assigning the cause of an individual's behavior to factors outside the person, such as the social situation or environmental factors.

Poor Performance

The occurrence of failing to meet minimum accepted standards or objectives within professional or personal tasks.

Attribution Biases

Refers to the systematic errors made when people evaluate or try to find reasons for their own and others' behaviors.