Flexible Work Arrangements Allow Employees to Work a Nontraditional Work

question 3

True/False

Flexible work arrangements allow employees to work a nontraditional work day.

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Definitions:

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, resulting in lower per-unit costs due to increased production volume.

Automobile Industry

The sector of the economy that manufactures and sells motor vehicles.

Inputs

Resources such as labor, materials, and capital that are used in the production process to produce goods and services.

Output

The total amount of goods or services produced by a company or country.