Nodes Refer to How People Important to a Project Are

question 25

True/False

Nodes refer to how people important to a project are reached and what important ties they have to others in the network.

---

Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to scale of operation, with cost per unit of output decreasing with increasing scale.

Marginal Output

Refers to the additional output that results from using one more unit of a production input, such as labor or capital, in the production process.

Total Output

The total quantity of goods and services produced in an economy during a given period.

Fixed Cost

Expenses that do not change in total regardless of the level of output or activity, such as rent, salaries, and insurance.