Economies of Scope Are Savings Acquired by

question 60

Multiple Choice

Economies of scope are savings acquired by

• A)producing many goods simultaneously.
• B)producing enough of one good to reach the minimum efficient scale of production.
• C)selling one product at a loss but selling other products at a profit.
• D)decreasing the regulation of an industry.

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Definitions:

Raw Score

The initial, unadjusted score obtained directly from a test or assessment before any transformations or normative comparisons.

Assessing Reliability

The process of determining the consistency and stability of a measurement tool or test over time.

Internal Consistency

A measure of reliability which evaluates how strongly items in an assessment are related in a single administration.

Test-Retest

A method of determining the reliability of a test by administering the same test to the same subjects at two different points in time.