Companies Use Virtual Meetings to

question 38

Multiple Choice

Companies use virtual meetings to

• A)save travel costs.
• B)reduce employee fatigue.
• C)connect dispersed participants.
• D)All answer choices provide reasons companies use virtual meetings.

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Definitions:

Variable Factors

inputs in production that can be adjusted in the short term, such as labor and raw materials, contrasted with fixed factors like machinery.

Production Function

An equation or graph showing how output changes with variations in input factors, holding all else constant.

Decreasing Marginal

In economics, a situation where each additional unit of input results in a smaller increase in output compared to previous units.

Increasing Returns

A situation in production where an increase in the amount of inputs results in a disproportionately larger increase in output.