The Measurement Is 40

question 28

Multiple Choice

The measurement is 40.60 A. Find the precision and the greatest possible error of the measurement.

• A) The precision of the measurement is 0.01 A. The greatest possible error of the measurement is 0.0005 A.
• B) The precision of the measurement is 0.01 A. The greatest possible error of the measurement is 0.005 A.
• C) The precision of the measurement is 0.1 A. The greatest possible error of the measurement is 0.05 A.
• D) The precision of the measurement is 0.001 A. The greatest possible error of the measurement is 0.005 A.
• E) The precision of the measurement is 0.001 A. The greatest possible error of the measurement is 0.0005 A.

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Definitions:

Output Units

Quantitative measures of production, representing the number of units of goods or services produced.

Economies of Scale

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

Long-run Average Total Cost

The average cost per unit of output in the long run, where all inputs are considered variable and firms can adjust all factors of production.

Managerial Bureaucracy

A type of organizational structure that is characterized by a formal division of responsibilities, a clear hierarchy, and a detailed set of rules and procedures.