When Considering Choice Architecture, a Nudge

question 66

Multiple Choice

When considering choice architecture, a nudge:

• A)is a gentle push in a particular direction.
• B)does not take away any options.
• C)allows anyone who wants to go in a different direction to do so.
• D)All of these are true.

Recognize the significance of economies of scale in production.

Understand the distinction between fixed costs and variable costs and their behaviour in production.

Identify the role of fixed capital and labor inputs in cost management.

Understand the evidence for and against genetic contributions to intelligence.

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Definitions:

Activity-Based Costing

A costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each.

Overhead

Ongoing expenses related to the operation of a business that are not directly tied to specific product production.

Just-In-Time

Just-In-Time is a supply chain management strategy aimed at reducing inventory costs by receiving goods only as they are needed in the production process.

Pull Approach

A marketing strategy where demand is created through consumer interest, leading them to seek out a product or brand.