____ Options Allow a Firm to Design into a Project

question 41

Multiple Choice

____ options allow a firm to design into a project the capability of shifting the product mix of the project if demand or relative product prices dictate such a shift.

• A) Input flexibility
• B) Output flexibility
• C) Expansion
• D) Growth

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Definitions:

External Benefit

A benefit derived from a product or service that affects people who are not directly involved in the transaction or production of it.

Pollution Reduction

Efforts and measures taken to decrease the amount of pollutants released into the environment.

Trade Permits

Licenses or permissions required by governments for businesses to engage in certain trade activities, often used to control the volume or nature of traded goods and services.

Trade Permits

Authorizations given by government or other regulatory bodies allowing businesses to engage in foreign trade activities.