Scenario A

question 22

Multiple Choice

Scenario A. You and your classmates are debating the true meaning of the word "economy" in a manufacturing context. Anil says that to have economy, the company must work for lower costs per unit of production. Bob argues that having economy means using the same company resources to make more than one thing. Christine says that having economy means avoiding the costs of growing too large and creating waste.
-Bob defines "economy" in a manufacturing context as

• A)diseconomies of scale.
• B)diseconomies of scope.
• C)economies of scale.
• D)economies of scope.
• E)economies of size.

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Definitions:

Phylum

A major category in the classification of living organisms, ranking above class and below kingdom.

Characteristic

A distinguishing feature or quality that defines or identifies something.

Echinoderms

A phylum of marine animals that includes starfish, sea urchins, sea cucumbers, and sand dollars, characterized by radial symmetry and a unique water vascular system.

Marine Habitats

natural habitats found in the oceans and seas which are home to a diverse range of marine organisms and ecosystems.