Discuss, briefly, the difference between a decision variable and a state variable

What will be an ideal response?

A decision variable is what we choose; a state variable is what results.

Business

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A company that pays its bills each month for its rent, heat, interest, and salaries regardless of its output is said to be incurring what type of costs?

What will be an ideal response?

Business

Indirect exports have two advantages for a firm: they involve less investment and ________

A) less paperwork B) less intrusion by the government C) less risk D) less competition E) less customer suits

Business