Any cost that remains unchanged as output changes represents a firm's
a. marginal cost.
b. opportunity cost.
c. fixed cost.
d. variable cost.
any cost that changes as output changes represents a firm's
a. sunk cost.
b. overhead cost.
c. fixed cost.
d. variable cost.
which of the following is most likely to be a fixed cost for a farmer?
a. wages paid to farm workers
b. cost of fertilizer
c. insurance premiums on property
d. cost of seeds
which of the following is most likely to a variable cost for a business firm?
a. property taxes
b. rent on the office building
c. interest on long-term outstanding bonds
d. cost of shipping products

When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.