A Woman Wants to Start a Construction Company

question 7

Multiple Choice

A woman wants to start a construction company. She should realize that

• A) women have never successfully started construction businesses having more than two or three employees.
• B) people (for example, some male loan officers) may not take her seriously simply because she is a woman.
• C) it will be impossible for her to break into the "good old boy network".
• D) gender differences are a fact of life (for example, construction is a male industry, beauty shops are usually female owned, and so on), and therefore she should stay with the pattern.

Understand the process, direction, and energy requirement of transpiration and translocation in plants.

Understand the concept of economies of scale and how it affects production costs.

Identify the factors leading to diseconomies of scale and their impact on firms.

Recognize the advantages of economies of scale for market leaders and large firms.

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Definitions:

Lease

A contract by which one party conveys land, property, services, etc., to another for a specified time, usually in return for periodic payments.

Opportunity Cost

The worth of the best alternative given up due to making a decision.

Opportunity Cost

The value of the next best alternative that is foregone when making a choice.

Tuition

The fee that educational institutions charge for instruction and training.