When a Firm Uses Technological Improvements to Increase Output from the Same

question 24

Multiple Choice

When a firm uses technological improvements to increase output from the same amount of inputs, the result is

• A) a new production function.
• B) losses.
• C) guaranteed profits.
• D) diseconomies of scale.

Understand the strategic application of reinforcement and punishment to shape desired behaviors in organizational settings.

Understand the concept of achievement motivation and its impact on personal success.

Recognize the biases and illusions present in interview processes and personnel assessments.

Appreciate the role of self-discipline and grit in academic and professional performance.

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Definitions:

Net Income

The remaining profit for a company after deducting taxes and expenses from the revenue.

Consolidation Entry

A journal entry used in the preparation of consolidated financial statements to eliminate intercompany transactions and balances.

Retained Earnings

The portion of net income that is retained by the company rather than distributed to its shareholders as dividends.

Equity Method

An accounting technique used to record investments in other companies, recognizing income based on the investee's profit or loss.