A Group of Six Members Planned to Meet in a Common

question 11

Multiple Choice

A group of six members planned to meet in a common place to discuss certain issues. Sid, an active member of the group, took responsibility to inform the others. He kept track of time and coordinated with the other members and guided them to the right place on time for the meeting. What type of role did Sid play?

• A) Administrator
• B) Initiator
• C) Detractor
• D) Digresser

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Definitions:

Isoquant

An isoquant is a curve depicting all combinations of inputs which produce the same level of output, used in the study of production theory.

Production Functions

A formula that relates the output of goods and services to the inputs used in their production.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts and/or the physical factors of production.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts and/or physical factors of production.