Jason Thinks It Would Be a Good Idea to Start

question 10

Multiple Choice

Jason thinks it would be a good idea to start his presentation with a joke in order to break the ice during a business plan presentation.What should Jason be aware of?

• A)Keep the jokes to one or two so that the audience is not distracted.
• B)Jokes would be considered fluff, irrelevant information for the plan communication.
• C)Jokes should be saved for the end of the presentation.
• D)In general, it is a good idea and recommended as part of warming up to the audience.

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Definitions:

Variable Inputs

Inputs, such as labor and materials, whose usage changes according to the level of production.

Economies Of Scale

Cost advantages reaped by companies when production becomes efficient, as the scale of operation increases, leading to a reduction in average cost per unit.

Specialization

The focus of a business or individual on a limited scope of products or skills, allowing for increased efficiency and expertise.

Total Cost Curve

A graphical representation showing the total cost associated with producing varying quantities of output, illustrating economies or diseconomies of scale.