The Most Desirable Combination of Output Attainable with Available Resources,technology

question 134

Multiple Choice

The most desirable combination of output attainable with available resources,technology and social values is known as the:

• A) Economic choice of output.
• B) Efficient choice of production.
• C) Preferred output choice.
• D) Optimal mix of output.

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Definitions:

Perfectly Negatively Correlated

This refers to a relationship between two variables where one variable increases as the other decreases with a correlation coefficient of -1.

Portfolio's Risk

The overall risk associated with holding a portfolio of investments, considering how the risks of the individual investments affect the portfolio as a whole.

Stand-alone Risk

Stand-alone risk refers to the risk associated with investing in a single asset or project, without considering the diversity or portfolio effects.

Risk Impacts

The potential negative consequences that uncertain events or conditions may have on an organization's ability to achieve its objectives.