A Firm Practices Input Substitution When It

question 81

Multiple Choice

A firm practices input substitution when it

• A)retrains Joe the welder as a painter and Pat the painter as a welder.
• B)buys extra machines for its workers to use.
• C)allows fixed cost to become variable.
• D)replaces unskilled labor with automated machinery.

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Definitions:

Acrostic

A poem, word puzzle, or other composition in which certain letters in each line form a word or words when read in sequence.

Memory Process

The series of steps that include encoding, storing, and retrieving information.

Retention

The process of storing information.

Recall

The mental process of retrieving information or memories from the past.