Johan Is Extremely Dependable and Productive, and His Friends Think

question 125

Multiple Choice

Johan is extremely dependable and productive, and his friends think he is great at organising events. Based on the five-factor model of personality, Johan would probably score

• A) high in agreeableness.
• B) low in neuroticism.
• C) high in conscientiousness.
• D) high in openness.

---

Definitions:

Scale Economies Index

A measurement that assesses the advantages a business gains due to the scale of its operation, typically resulting in reduced costs per unit as production increases.

Cost-Output Elasticity

The responsiveness of the cost of producing a good or service to changes in the level of output.

Diseconomies of Scale

A situation where a business grows so large that the costs per unit increase. It occurs when economies of scale no longer function for a firm.

Production Function

An equation or model that describes the relationship between inputs used in production and the output produced.