Average Fixed Cost

question 62

Multiple Choice

Average fixed cost

• A)does not change as total output increases or decreases.
• B)varies directly with total output.
• C)falls continuously as total output expands.
• D)rises as the output is expanded.

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Definitions:

Organizational Stories

Narratives told within an organization that communicate culture, values, and lessons, often based on real events or exemplary figures.

Organizational Culture

The collective values, norms, and beliefs that shape the thoughts, feelings, and actions of staff members in a company.

Social Prescriptions

Norms or expectations within a society that dictate acceptable behavior in various situations.

Strong Organizational Culture

An organization where the core values are intensely held and widely shared among all members, leading to high commitment and consistency in behavior.