A Process Flowchart Uses Which of the Following Symbols to Represent

question 5

Multiple Choice

A process flowchart uses which of the following symbols to represent tasks or operations in a flow diagram?

• A) Rectangle
• B) Arrow
• C) Inverted triangle
• D) Diamond
• E) A dashed line

---

Definitions:

Total Cost

The sum of fixed and variable costs incurred by a business in producing a certain level of output.

Short-Run Average Total Cost

Short-run average total cost is the total cost of production (fixed and variable costs) divided by the total output produced, calculated when at least one factor of production is fixed.

Economies

The large set of interrelated production and consumption activities that aid in determining how scarce resources are allocated.

Diseconomies

Circumstances where increasing the scale of production leads to higher per-unit costs, often due to inefficiencies gained at larger scales.