The Combination of Equipment and Skills Which Managers Use in the Production

question 22

Multiple Choice

The combination of equipment and skills which managers use in the production and distribution of goods is known as:

• A)economies of scale
• B)inflation
• C)competitive advantage
• D)technology
• E)the general environment

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Definitions:

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, encouraging the occurrence of desired behaviors.

Reciprocal Determinism

A perspective positing that individuals and their environment interact and influence each other.

Psychosocial

Relating to the interrelation of social factors and individual thought and behavior.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is first elicited by the second stimulus is eventually elicited by the first stimulus alone.