Serving More People with the Same Number of Staff Input

question 28

Multiple Choice

Serving more people with the same number of staff input will:

• A)Increase productivity
• B)Reduce efficiency
• C)Reduce productivity
• D)None of the above

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Definitions:

Risk Premium

The extra return expected by an investor for holding a risky asset instead of a risk-free asset.

Expected Return

The average return an investor anticipates on an investment which is uncertain, based on the probable returns.

States of Economy

The various conditions that can describe an economy, including growth, recession, depression, and recovery.