The OnStar System Allows

question 20

Multiple Choice

The OnStar system allows

• A) a vehicle owner to initiate a conversation with an OnStar representative.
• B) the vehicle to automatically send a message to an OnStar representative after an accident.
• C) an OnStar representative to disable the gas pedal of the vehicle without the driver's permission.
• D) a and b
• E) a, b, and c

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Definitions:

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, and insurance.

Average Variable Cost

The total variable cost per unit of output, obtained by dividing total variable costs by the quantity of output.

Output

The total amount of goods or services produced by a company or country.

TVC

Total Variable Cost, the sum of all variable costs (costs that vary with production volume) associated with producing a specific quantity of a good or service.