Figure 10-10 -Refer to Figure 10-10. Which of the Following Statements Is

question 21

Multiple Choice

Figure 10-10
-Refer to Figure 10-10. Which of the following statements is correct?

• A) The private cost of producing the 120th unit of output is $12.
• B) The social cost of producing the 120th unit of output is $22.
• C) The external cost of producing the 120th unit of output is $2.
• D) All of the above are correct.

---

Definitions:

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business organization, influencing how employees interact and work.

Long-Term Orientation

A cultural or organizational perspective that emphasizes planning and working towards future rewards and outcomes, rather than seeking immediate results.

HR Activities

Functions and tasks undertaken by the human resources department, including recruitment, training, performance management, and compensation.

Outsourcing

The practice of hiring external organizations or individuals to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.