Instructions: Read the Paragraph Below, and Answer the Question(s) That

question 231

Multiple Choice

Instructions: Read the paragraph below, and answer the question(s) that follow. (1) The Camtrex Corporation should provide day care for the children of its employees. (2) First of all, Camtrex workers need such a program. (3) According to the human resources director, about 850 employees with small children have spouses who also work outside the home; for these workers, day care is a constant problem. (4) Second, the company would undoubtedly benefit from on-site day care since workers could concentrate more fully on their jobs, secure in the knowledge that their children were nearby and well cared for. (5) A program that benefits both employees and management just makes good sense. Select the number of the sentence that supports a reason with a fact.

• A) Sentence 2
• B) Sentence 3
• C) Sentence 5

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Definitions:

Economies of Scope

Cost advantages that a business achieves by providing a variety of products rather than specializing in a single product or service.

Economies of Scope

Cost advantages that enterprises obtain through the diversification of production, by producing multiple products using the same operations or inputs.

Diversification Strategies

Business approaches to entering new markets or industries to reduce reliance on a single market or product line.

Economies of Scale

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