Refer to IT's About Business 9

question 28

Multiple Choice

Refer to IT's About Business 9.6 - So You Want to Find a Job: Which of the following is a benefit of searching for a job online?

• A) It's easy to find potential positions online.
• B) Software filters are as effective as human reviews.
• C) There are only a few hundred resumes for each posted position
• D) There are only a few sites to review.
• E) Social networking can help personalize the search.

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Definitions:

Shutdown Point

The point in business operations where the revenue from the sale of goods or services is equal to the variable costs, beyond which the business would incur losses.

Break-Even Point

An output at which a firm makes a normal profit (total revenue = total cost) but not an economic profit.

Variable Costs

Costs that vary directly with the level of production.

Marginal Revenue

The increase in revenue that results from the sale of an additional unit of output.