Which of the Following Is an Example of a Producer

question 178

Multiple Choice

Which of the following is an example of a producer taking advantage of economies of scope?

• A)a farmer buying more land so that he can produce more soybeans
• B)GM closing a Chevy truck plant in response to a decline in the demand for trucks
• C)Disney World staying open later to serve more customers per day
• D)a dairy farmer producing cow's milk and butter
• E)a mouthwash firm expanding production by improving managerial efficiency

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Definitions:

Hard Money

Funds contributed directly to a political candidate or party that are regulated by law.

Foreclosures

The legal process by which a lender takes control of a property, evicts the homeowner, and sells the home when the homeowner fails to make mortgage payments.

Checks and Balances

A system in which different parts of an organization or government have powers that affect and control the other parts, ensuring no single part can become too powerful.

President's Veto

The power of the President to refuse approval of a bill or joint resolution and thus prevent its enactment into law.