An Automobile Manufacturer That Increases the Total Number of Cars

question 80

Multiple Choice

An automobile manufacturer that increases the total number of cars produced,at the same cost,but with many defects,would be ________.

• A)efficient and effective
• B)efficient but not effective
• C)effective but not efficient
• D)neither efficient nor effective

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Definitions:

Productivity

The measure of how efficiently goods and services are produced, often evaluated as the ratio of output to inputs in the production process.

Opportunity Cost

The expense incurred by not choosing the second-best option during a decision-making process.

Sweaters

A knitted garment typically made of wool, cotton, or synthetic yarn, worn over the upper body for warmth.

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