OES Office Systems' Use of Fax Machines to Carry Its

question 18

Multiple Choice

OES Office Systems' use of fax machines to carry its advertising messages to its business customers is which component of the communication process?

• A) Communication channel
• B) Decoding process
• C) Encoding process
• D) Sharing of meaning
• E) Noise minimization

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Definitions:

Returns To Scale

The rate at which production output increases as a result of a proportional increase in all input factors.

Marginal Products

The additional output that is produced by employing one more unit of a particular input while holding the quantities of all other inputs constant.

Exponents

Mathematical notations indicating the number of times a base number is multiplied by itself.

Production Function

A mathematical representation that describes the relationship between inputs used in production and the output achieved.