A Company Recently Implemented Strategies to Reduce the Number of Inputs

question 6

Multiple Choice

A company recently implemented strategies to reduce the number of inputs required to produce outputs at various stages of the value chain. This has resulted in ________ efficiency and the cost of outputs is ________.

• A)reduced; higher
• B)greater; reduced
• C)constant, lower
• D)higher; reduced
• E)reduced; constant

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Definitions:

Minutes

Units of time equal to sixty seconds or one-sixtieth of an hour.

Driving Hours

The number of hours spent operating a vehicle, either for a specific period or cumulatively over time.

School

An educational institution where students receive learning and instruction, typically in a variety of subjects.

Categorical Variable

A variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual to a particular group or nominal category.