What Is the Name for Employees Who Sit on a Company's

question 105

Multiple Choice

What is the name for employees who sit on a company's board of directors and represent the interests of the firm's employees?

• A) board representatives
• B) works councils
• C) quality circles
• D) union representatives
• E) board leaders

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Definitions:

Marginal Cost

The additional cost incurred in producing one more unit of a good or service, crucial for making production and pricing decisions.

Fixed Cost

Fixed cost is a business expense that remains constant regardless of changes in the level of production or sales volumes, such as rent or salaries.

Lawn-mowing

The act of cutting the grass of a lawn to maintain a specified height and neat appearance.

Variable Costs

Expenses that change in proportion to the activity or volume of goods or services produced.