The Conference Board of Canada Would Define All but One

question 71

Multiple Choice

The Conference Board of Canada would define all but one of the following as soft skills needed in a knowledge economy. Which is the exception?

• A)computer skills
• B)communication skills
• C)flexibility
• D)problem-solving skills

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Definitions:

Diseconomies of Scale

The phenomenon where, as a firm scales up its production, the per unit cost starts to increase, typically due to inefficiencies.

Economies of Scale

Economies of scale occur when a company reduces costs per unit due to an increase in production, typically achieved through operational efficiency and larger volume production.

Constant Returns to Scale

A situation in production where increasing all inputs by a certain factor results in output increasing by the same factor, indicating proportionate scalability.