Which of the Following Is True of a Firm's Fixed

question 51

Multiple Choice

Which of the following is true of a firm's fixed costs?

• A) A firm should shut down if it cannot cover its fixed costs.
• B) Fixed costs are incurred regardless of the firm's level of output.
• C) Fixed costs are the same as a firm's total costs.
• D) Fixed costs are reduced to zero if the firm produces no output.
• E) Accounting profit equals economic profit when fixed costs fall to zero.

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Definitions:

Leadership Behavior

The actions, practices, and attitudes exhibited by a leader to influence and guide a group towards achieving its goals.

Autocratic

Pertaining to a form or style of leadership that is directive and leader-centered, and in which power is exercised by a dominant and dictatorial individual.

Participative

Pertaining to a style of interpersonal relations characterized by a need for human interaction and warm relationships. Participatives provide peace and harmony, give encouragement to others, and instill team spirit. Leadership needs include keeping human relations smooth and considering personal feelings.

Mentoring And Partnering Programs

Initiatives designed to foster growth and learning by pairing less experienced individuals with mentors who provide guidance, knowledge, and support.