Select the Word That Means "Capable of Occurring or Likely

question 163

Multiple Choice

Select the word that means "capable of occurring or likely to occur".
The nurse manager increased the emergency room staff as an impending snowstorm brought the potential for fatal accidents and an increased incidence of emergency room visits.

• A)incidence
• B)fatal
• C)potential
• D)impending

Recognize the function and purpose of major economic and trade organizations.

Identify factors leading to economic recessions and expansions.

Distinguish between direct and indirect competition.

Understand the role of environmental scanning in marketing strategy.

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Definitions:

Per-Worker Production Function

A mathematical representation of the output produced per worker, based on factors like technology and capital.

Diminishing Slope

usually refers to the principle of diminishing returns in economics, where the rate of return or yield decreases as more input is added.

Per-Worker Production Function

A graph that shows the relationship between the amount of input per worker and the output per worker.

Capital Deepening

The increase in the amount of capital per worker, leading to higher productivity and possibly higher wages.