Match Each Term with a Statement Below

question 27

Multiple Choice

Match each term with a statement below.

-The arithmetic average

• A)physical order
• B)ascending order
• C)table
• D)mean
• E)descending order
• F)logical order
• G)sequential order
• H)a list of instructions that accomplish a task
• I)median
• J)addresses

---

Definitions:

Automobile Industry

The sector of the economy that manufactures and sells motor vehicles.

Inputs

Resources such as labor, materials, and capital that are used in the production process to produce goods and services.

Output

The total amount of goods or services produced by a company or country.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically characterized by a reduction in average costs with increased production.