Which of the Following Statements Regarding Resource Flexibility Is Best

question 184

Multiple Choice

Which of the following statements regarding resource flexibility is best?

• A) Training is a small part of worker flexibility.
• B) Specialization of employees is consistent with worker flexibility.
• C) Worker flexibility is not a priority if the process is subject to hourly or seasonal peaks in demand.
• D) Resource flexibility requires employees to be able to perform a broad range of duties, and equipment usually must be more general purpose.

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Definitions:

MR

Short for Marginal Revenue, which is the additional income earned by selling one more unit of a product or service.

ATC

Average Total Cost, which is the total cost of production (fixed plus variable costs) divided by the quantity of output produced.

ATC

Average Total Cost, which is the total cost of production divided by the quantity of output produced.

Price Charged

The amount of money demanded for a product or service in the market.